Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Reaches New 1-Year High – Here’s What Happened

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) reached a new 52-week high on Tuesday . The company traded as high as $62.13 and last traded at $62.02, with a volume of 47934 shares traded. The stock had previously closed at $61.65.

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

The company has a fifty day moving average of $59.73 and a 200-day moving average of $57.73. The firm has a market capitalization of $1.90 billion, a PE ratio of 16.69 and a beta of 0.98.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FLQM. Cetera Investment Advisers lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 23.3% in the fourth quarter. Cetera Investment Advisers now owns 1,311,994 shares of the company’s stock worth $73,813,000 after buying an additional 247,905 shares during the last quarter. TrustBank acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 4th quarter valued at about $10,271,000. Bank of America Corp DE increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 35.6% during the 2nd quarter. Bank of America Corp DE now owns 677,284 shares of the company’s stock valued at $36,783,000 after acquiring an additional 177,777 shares during the last quarter. Piedmont Capital Management LLC NC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 4th quarter valued at approximately $9,934,000. Finally, Orion Porfolio Solutions LLC raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1,269.9% in the 4th quarter. Orion Porfolio Solutions LLC now owns 186,362 shares of the company’s stock valued at $10,485,000 after acquiring an additional 172,758 shares in the last quarter.

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.