Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL – Get Free Report) dropped 0.6% during trading on Tuesday . The stock traded as low as $77.56 and last traded at $77.81. Approximately 62,328 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 102,644 shares. The stock had previously closed at $78.25.
Franklin U.S. Large Cap Multifactor Index ETF Price Performance
The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 24.11 and a beta of 0.95. The business has a fifty day moving average price of $77.99 and a 200 day moving average price of $74.87.
Hedge Funds Weigh In On Franklin U.S. Large Cap Multifactor Index ETF
A number of institutional investors and hedge funds have recently bought and sold shares of FLQL. CoreCap Advisors LLC bought a new stake in Franklin U.S. Large Cap Multifactor Index ETF in the 2nd quarter valued at $41,000. NewEdge Advisors LLC increased its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 1.1% during the 1st quarter. NewEdge Advisors LLC now owns 15,459 shares of the company’s stock worth $1,046,000 after purchasing an additional 166 shares during the period. Arkadios Wealth Advisors raised its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 107.6% during the first quarter. Arkadios Wealth Advisors now owns 546,687 shares of the company’s stock valued at $36,978,000 after buying an additional 283,316 shares during the last quarter. Royal Bank of Canada raised its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 18.3% during the first quarter. Royal Bank of Canada now owns 16,659 shares of the company’s stock valued at $1,127,000 after buying an additional 2,578 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 3.9% during the first quarter. Cetera Investment Advisers now owns 561,524 shares of the company’s stock valued at $37,981,000 after buying an additional 21,290 shares during the last quarter.
About Franklin U.S. Large Cap Multifactor Index ETF
The Franklin U.S. Large Cap Multifactor Index ETF (FLQL) is an exchange-traded fund that is based on the LibertyQ US Large Cap Equity index. The fund tracks a multi-factor US large-cap index. Stocks are selected and weighted based on a combination of quality, value, momentum, and low-volatility factors. FLQL was launched on Apr 26, 2017 and is managed by Franklin Templeton.
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