Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Hits New 12-Month High – Should You Buy?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $72.42 and last traded at $72.35, with a volume of 23695 shares traded. The stock had previously closed at $71.88.

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

The stock’s 50-day moving average price is $69.97 and its two-hundred day moving average price is $69.60. The stock has a market capitalization of $1.77 billion, a PE ratio of 24.11 and a beta of 0.95.

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

Hedge funds have recently bought and sold shares of the company. Dunhill Financial LLC bought a new position in Franklin U.S. Large Cap Multifactor Index ETF in the 3rd quarter worth about $34,000. Wilmington Savings Fund Society FSB bought a new position in Franklin U.S. Large Cap Multifactor Index ETF in the 3rd quarter worth about $39,000. Qube Research & Technologies Ltd bought a new position in Franklin U.S. Large Cap Multifactor Index ETF in the 2nd quarter worth about $81,000. Comerica Bank boosted its stake in Franklin U.S. Large Cap Multifactor Index ETF by 17.9% in the 4th quarter. Comerica Bank now owns 1,650 shares of the company’s stock worth $114,000 after purchasing an additional 250 shares in the last quarter. Finally, Larson Financial Group LLC bought a new position in Franklin U.S. Large Cap Multifactor Index ETF in the 4th quarter worth about $115,000.

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.