Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Hits New 12-Month High – Time to Buy?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $55.97 and last traded at $55.52, with a volume of 201584 shares. The stock had previously closed at $55.07.

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

The stock has a market cap of $668.65 million, a PE ratio of 16.96 and a beta of 0.90. The company’s 50-day moving average price is $55.77 and its two-hundred day moving average price is $55.29.

Institutional Investors Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF

A number of large investors have recently added to or reduced their stakes in FLQM. LPL Financial LLC increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 6.7% during the 4th quarter. LPL Financial LLC now owns 2,526,850 shares of the company’s stock valued at $137,233,000 after purchasing an additional 159,538 shares during the last quarter. TAP Consulting LLC bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the fourth quarter valued at approximately $1,163,000. ProVise Management Group LLC raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 19.5% during the fourth quarter. ProVise Management Group LLC now owns 9,220 shares of the company’s stock worth $501,000 after acquiring an additional 1,505 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 12.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 48,999 shares of the company’s stock worth $2,661,000 after acquiring an additional 5,427 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 26.3% in the 4th quarter. Harbour Investments Inc. now owns 21,310 shares of the company’s stock worth $1,157,000 after acquiring an additional 4,434 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.