Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Reaches New 52-Week High – Still a Buy?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s share price reached a new 52-week high on Monday . The company traded as high as $78.56 and last traded at $78.51, with a volume of 970 shares. The stock had previously closed at $77.35.

Franklin U.S. Large Cap Multifactor Index ETF Trading Up 1.7%

The stock’s fifty day moving average is $74.88 and its two-hundred day moving average is $71.75. The firm has a market cap of $1.91 billion, a P/E ratio of 24.11 and a beta of 0.95.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 25.4% in the 2nd quarter. Bank of America Corp DE now owns 2,180,552 shares of the company’s stock worth $137,724,000 after buying an additional 441,087 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 107.6% in the 1st quarter. Arkadios Wealth Advisors now owns 546,687 shares of the company’s stock worth $36,978,000 after buying an additional 283,316 shares during the last quarter. Sequent Planning LLC bought a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF in the 3rd quarter worth $11,183,000. Franklin Resources Inc. increased its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 8,709,763 shares of the company’s stock worth $596,009,000 after buying an additional 118,281 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 7.1% in the 1st quarter. Sanctuary Advisors LLC now owns 1,675,252 shares of the company’s stock worth $113,314,000 after buying an additional 111,752 shares during the last quarter.

Franklin U.S. Large Cap Multifactor Index ETF Company Profile

The Franklin U.S. Large Cap Multifactor Index ETF (FLQL) is an exchange-traded fund that is based on the LibertyQ US Large Cap Equity index. The fund tracks a multi-factor US large-cap index. Stocks are selected and weighted based on a combination of quality, value, momentum, and low-volatility factors. FLQL was launched on Apr 26, 2017 and is managed by Franklin Templeton.