Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Sets New 12-Month High – Here’s What Happened

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $59.61 and last traded at $61.33, with a volume of 29450 shares trading hands. The stock had previously closed at $58.39.

Franklin U.S. Large Cap Multifactor Index ETF Stock Up 5.2 %

The firm has a market cap of $1.47 billion, a P/E ratio of 21.41 and a beta of 1.01. The firm’s 50-day moving average price is $60.11 and its 200 day moving average price is $58.42.

Hedge Funds Weigh In On Franklin U.S. Large Cap Multifactor Index ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLQL. CWM LLC lifted its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 503.5% in the third quarter. CWM LLC now owns 20,011 shares of the company’s stock worth $1,164,000 after purchasing an additional 16,695 shares during the period. Cornerstone Wealth Management LLC raised its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 1.1% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 86,326 shares of the company’s stock worth $5,020,000 after buying an additional 970 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 102.0% in the third quarter. Assetmark Inc. now owns 1,010 shares of the company’s stock valued at $59,000 after acquiring an additional 510 shares in the last quarter. Atria Investments Inc increased its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 4.8% during the third quarter. Atria Investments Inc now owns 234,301 shares of the company’s stock valued at $13,625,000 after acquiring an additional 10,728 shares during the period. Finally, Kingsview Wealth Management LLC acquired a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF during the third quarter valued at approximately $3,188,000.

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.