Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Sets New 1-Year High – Still a Buy?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQMGet Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $55.97 and last traded at $54.82, with a volume of 201584 shares trading hands. The stock had previously closed at $55.07.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Down 0.3 %

The company has a 50 day moving average of $55.38 and a 200 day moving average of $55.44. The firm has a market cap of $661.38 million, a price-to-earnings ratio of 16.96 and a beta of 0.90.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FLQM. Assetmark Inc. acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the fourth quarter worth $29,000. National Bank of Canada FI lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 87.6% in the 4th quarter. National Bank of Canada FI now owns 938 shares of the company’s stock valued at $51,000 after purchasing an additional 438 shares during the last quarter. Providence Capital Advisors LLC bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth about $63,000. Aspire Wealth Management Corp raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 59.4% in the third quarter. Aspire Wealth Management Corp now owns 1,320 shares of the company’s stock valued at $74,000 after buying an additional 492 shares during the period. Finally, Signaturefd LLC acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter valued at approximately $90,000.

About Franklin U.S. Mid Cap Multifactor Index ETF

(Get Free Report)

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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