Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Sets New 1-Year High – What’s Next?

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) shares hit a new 52-week high during trading on Monday . The company traded as high as $60.95 and last traded at $61.04, with a volume of 35222 shares changing hands. The stock had previously closed at $60.69.

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

The business has a 50 day simple moving average of $59.43 and a 200-day simple moving average of $57.15. The stock has a market cap of $1.46 billion, a P/E ratio of 21.41 and a beta of 1.01.

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

Hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new stake in Franklin U.S. Large Cap Multifactor Index ETF in the 2nd quarter worth $34,000. Assetmark Inc. increased its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 102.0% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the company’s stock worth $59,000 after buying an additional 510 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Franklin U.S. Large Cap Multifactor Index ETF during the 2nd quarter valued at $105,000. FMR LLC boosted its position in Franklin U.S. Large Cap Multifactor Index ETF by 30.7% in the third quarter. FMR LLC now owns 4,034 shares of the company’s stock worth $235,000 after purchasing an additional 948 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 5.4% in the 3rd quarter. Park Avenue Securities LLC now owns 7,605 shares of the company’s stock worth $442,000 after purchasing an additional 389 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.