Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Get Free Report) shares reached a new 52-week high on Thursday. The stock traded as high as $62.20 and last traded at $62.18, with a volume of 68,745 shares trading hands. The stock had previously closed at $60.99.
Franklin U.S. Mid Cap Multifactor Index ETF Stock Performance
The firm has a fifty day simple moving average of $59.85 and a two-hundred day simple moving average of $58.59. The firm has a market cap of $1.89 billion, a PE ratio of 16.69 and a beta of 0.98.
Institutional Investors Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF
Several hedge funds and other institutional investors have recently modified their holdings of FLQM. Fifth Third Bancorp bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter worth $50,000. Richards Merrill & Peterson Inc. bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter valued at about $55,000. Allworth Financial LP raised its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 541.1% in the second quarter. Allworth Financial LP now owns 1,122 shares of the company’s stock worth $65,000 after purchasing an additional 947 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter valued at about $88,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 2nd quarter worth approximately $91,000.
About Franklin U.S. Mid Cap Multifactor Index ETF
The Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) is an exchange-traded fund that is based on the LibertyQ US Mid Cap Equity index. The fund tracks a US-listed mid-cap equity index that selects and weights constituents based on four factors: quality, value, momentum, and volatility. FLQM was launched on Apr 26, 2017 and is managed by Franklin Templeton.
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