Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Hits New 52-Week High – What’s Next?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $75.65 and last traded at $75.47, with a volume of 3310 shares. The stock had previously closed at $74.22.

Franklin U.S. Large Cap Multifactor Index ETF Price Performance

The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 24.11 and a beta of 0.95. The firm has a fifty day moving average of $70.83 and a 200 day moving average of $70.23.

Institutional Trading of Franklin U.S. Large Cap Multifactor Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FLQL. Franklin Resources Inc. raised its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 1.4% during the 3rd quarter. Franklin Resources Inc. now owns 8,709,763 shares of the company’s stock worth $596,009,000 after acquiring an additional 118,281 shares during the period. Bank of America Corp DE increased its position in Franklin U.S. Large Cap Multifactor Index ETF by 0.7% during the third quarter. Bank of America Corp DE now owns 2,195,606 shares of the company’s stock worth $150,245,000 after purchasing an additional 15,054 shares during the last quarter. Sanctuary Advisors LLC increased its position in Franklin U.S. Large Cap Multifactor Index ETF by 7.1% during the first quarter. Sanctuary Advisors LLC now owns 1,675,252 shares of the company’s stock worth $113,314,000 after purchasing an additional 111,752 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in Franklin U.S. Large Cap Multifactor Index ETF by 9.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,166,393 shares of the company’s stock worth $80,866,000 after purchasing an additional 99,657 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Franklin U.S. Large Cap Multifactor Index ETF by 6.2% during the first quarter. Bank of New York Mellon Corp now owns 1,094,134 shares of the company’s stock worth $74,007,000 after purchasing an additional 63,545 shares during the period.

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.