Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as $62.20 and last traded at $62.18, with a volume of 68,745 shares. The stock had previously closed at $60.99.
Franklin U.S. Mid Cap Multifactor Index ETF Stock Performance
The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98. The business’s fifty day simple moving average is $59.84 and its 200 day simple moving average is $58.52.
Institutional Trading of Franklin U.S. Mid Cap Multifactor Index ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the business. MBL Wealth LLC lifted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 389.4% in the third quarter. MBL Wealth LLC now owns 41,285 shares of the company’s stock worth $2,371,000 after acquiring an additional 32,850 shares in the last quarter. Sage Private Wealth Group LLC purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter valued at about $292,000. Axxcess Wealth Management LLC boosted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 1.4% in the third quarter. Axxcess Wealth Management LLC now owns 15,486 shares of the company’s stock valued at $890,000 after purchasing an additional 212 shares during the last quarter. Richards Merrill & Peterson Inc. acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter valued at approximately $55,000. Finally, IFP Advisors Inc grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 10.9% during the 3rd quarter. IFP Advisors Inc now owns 90,545 shares of the company’s stock valued at $5,201,000 after purchasing an additional 8,931 shares in the last quarter.
Franklin U.S. Mid Cap Multifactor Index ETF Company Profile
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.
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