Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Reaches New 52-Week High – What’s Next?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $59.74 and last traded at $59.74, with a volume of 71248 shares trading hands. The stock had previously closed at $58.58.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Up 2.0%

The stock has a fifty day simple moving average of $57.34 and a two-hundred day simple moving average of $57.03. The company has a market cap of $1.83 billion, a PE ratio of 16.69 and a beta of 0.98.

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

A number of large investors have recently made changes to their positions in FLQM. Jane Street Group LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter valued at about $1,528,000. NewEdge Advisors LLC boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% during the 2nd quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock valued at $58,000 after buying an additional 326 shares during the last quarter. Raymond James Financial Inc. grew its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 3.7% during the 2nd quarter. Raymond James Financial Inc. now owns 1,757,419 shares of the company’s stock worth $95,445,000 after acquiring an additional 62,992 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 2,643,176 shares of the company’s stock valued at $143,407,000 after buying an additional 43,120 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 35.6% in the second quarter. Bank of America Corp DE now owns 677,284 shares of the company’s stock worth $36,783,000 after purchasing an additional 177,777 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.