Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Sets New 12-Month High at $54.35

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s stock price reached a new 52-week high on Monday . The stock traded as high as $54.35 and last traded at $54.67, with a volume of 99284 shares trading hands. The stock had previously closed at $54.30.

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

The firm has a market cap of $659.62 million, a PE ratio of 16.96 and a beta of 0.90. The firm’s 50 day moving average price is $53.35 and its two-hundred day moving average price is $52.19.

Hedge Funds Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF

Several large investors have recently modified their holdings of the business. LPL Financial LLC raised its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 6.2% in the 2nd quarter. LPL Financial LLC now owns 1,839,793 shares of the company’s stock valued at $94,363,000 after buying an additional 107,556 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,274,133 shares of the company’s stock valued at $65,350,000 after acquiring an additional 6,823 shares during the period. CWM LLC lifted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 12.5% in the 2nd quarter. CWM LLC now owns 761,015 shares of the company’s stock worth $39,032,000 after acquiring an additional 84,455 shares during the last quarter. Raymond James & Associates boosted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 119.1% during the 2nd quarter. Raymond James & Associates now owns 342,750 shares of the company’s stock worth $17,580,000 after purchasing an additional 186,321 shares during the period. Finally, Private Advisor Group LLC boosted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 11.1% during the 2nd quarter. Private Advisor Group LLC now owns 291,131 shares of the company’s stock worth $14,932,000 after purchasing an additional 29,121 shares during the period.

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.