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

Shares of Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $60.36 and last traded at $60.36, with a volume of 1444 shares changing hands. The stock had previously closed at $59.25.

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

The firm has a market cap of $1.88 billion, a P/E ratio of 16.69 and a beta of 0.98. The stock’s 50-day simple moving average is $57.89 and its 200 day simple moving average is $57.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Leo Wealth LLC bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter worth approximately $1,025,000. KPP Advisory Services LLC boosted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 15.7% during the 4th quarter. KPP Advisory Services LLC now owns 94,187 shares of the company’s stock worth $5,299,000 after buying an additional 12,811 shares in the last quarter. Integrity Financial Corp WA boosted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 7.5% during the 4th quarter. Integrity Financial Corp WA now owns 153,724 shares of the company’s stock worth $8,649,000 after buying an additional 10,775 shares in the last quarter. Financial Consulate Inc. grew its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 4.4% during the 4th quarter. Financial Consulate Inc. now owns 380,180 shares of the company’s stock worth $21,389,000 after buying an additional 16,033 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 736.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 19,101 shares of the company’s stock worth $1,075,000 after buying an additional 16,817 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.