Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Sets New 12-Month High – Still a Buy?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $61.72 and last traded at $61.72, with a volume of 4193 shares changing hands. The stock had previously closed at $61.04.

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

The stock has a 50 day moving average of $59.24 and a two-hundred day moving average of $57.55. The stock has a market capitalization of $1.90 billion, a PE ratio of 16.69 and a beta of 0.98.

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

Several hedge funds and other institutional investors have recently made changes to their positions in FLQM. Jane Street Group LLC acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter worth approximately $1,528,000. NewEdge Advisors LLC increased its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% during the 2nd quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock worth $58,000 after purchasing an additional 326 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.7% in the second quarter. Raymond James Financial Inc. now owns 1,757,419 shares of the company’s stock worth $95,445,000 after acquiring an additional 62,992 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,643,176 shares of the company’s stock valued at $143,407,000 after purchasing an additional 43,120 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake 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 worth $36,783,000 after purchasing an additional 177,777 shares during 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.