Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Reaches New 1-Year High – Time to Buy?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) hit a new 52-week high during trading on Monday . The company traded as high as $61.29 and last traded at $60.80, with a volume of 39931 shares changing hands. The stock had previously closed at $61.21.

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

The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 21.41 and a beta of 1.01. The firm’s 50 day simple moving average is $59.18 and its 200 day simple moving average is $56.95.

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

Institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF during the 2nd quarter valued at approximately $63,804,000. World Investment Advisors LLC purchased a new position in Franklin U.S. Large Cap Multifactor Index ETF in the 3rd quarter worth approximately $45,415,000. Bank of New York Mellon Corp boosted its stake in Franklin U.S. Large Cap Multifactor Index ETF by 10.5% during the second quarter. Bank of New York Mellon Corp now owns 803,418 shares of the company’s stock worth $44,654,000 after buying an additional 76,590 shares during the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF during the 3rd quarter valued at about $3,188,000. Finally, Susquehanna International Group LLP grew its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 51.5% in the 2nd quarter. Susquehanna International Group LLP now owns 85,808 shares of the company’s stock valued at $4,769,000 after buying an additional 29,162 shares during the period.

About Franklin U.S. Large Cap Multifactor Index ETF

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.