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

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $81.55 and last traded at $79.56, with a volume of 7146 shares traded. The stock had previously closed at $79.39.

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

The company has a market cap of $1.93 billion, a price-to-earnings ratio of 24.11 and a beta of 0.95. The firm has a 50-day moving average price of $77.53 and a 200 day moving average price of $74.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 25.4% during the second quarter. Bank of America Corp DE now owns 2,180,552 shares of the company’s stock worth $137,724,000 after buying an additional 441,087 shares in the last quarter. Arkadios Wealth Advisors boosted its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 107.6% in the first quarter. Arkadios Wealth Advisors now owns 546,687 shares of the company’s stock valued at $36,978,000 after acquiring an additional 283,316 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 7.1% in the first quarter. Sanctuary Advisors LLC now owns 1,675,252 shares of the company’s stock valued at $113,314,000 after acquiring an additional 111,752 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 9.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,166,393 shares of the company’s stock valued at $80,866,000 after acquiring an additional 99,657 shares in the last quarter. Finally, MGO One Seven LLC increased its position in Franklin U.S. Large Cap Multifactor Index ETF by 976.9% during the fourth quarter. MGO One Seven LLC now owns 104,048 shares of the company’s stock worth $7,214,000 after acquiring an additional 94,386 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.