Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Stock Price Down 0.6% – Here’s What Happened

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) shares traded down 0.6% during mid-day trading on Tuesday . The company traded as low as $77.56 and last traded at $77.81. Approximately 62,328 shares were traded 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 Stock Performance

The company has a market cap of $1.89 billion, a PE ratio of 24.11 and a beta of 0.95. The business’s 50-day moving average is $77.96 and its 200 day moving average is $74.81.

Institutional Investors Weigh In On Franklin U.S. Large Cap Multifactor Index ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sequent Planning LLC lifted its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 12.6% during the fourth quarter. Sequent Planning LLC now owns 184,040 shares of the company’s stock valued at $12,760,000 after purchasing an additional 20,614 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 12.8% in the first quarter. Janney Montgomery Scott LLC now owns 448,344 shares of the company’s stock worth $30,326,000 after purchasing an additional 50,907 shares in the last quarter. World Investment Advisors increased its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 42.0% in the fourth quarter. World Investment Advisors now owns 114,402 shares of the company’s stock worth $7,931,000 after purchasing an additional 33,810 shares in the last quarter. Atria Investments Inc raised its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 58.2% during the 4th quarter. Atria Investments Inc now owns 73,806 shares of the company’s stock valued at $5,117,000 after purchasing an additional 27,161 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 1.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,030,589 shares of the company’s stock valued at $71,451,000 after purchasing an additional 17,626 shares during the period.

Franklin U.S. Large Cap Multifactor Index ETF Company Profile

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.