Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Reaches New 52-Week High – Time to Buy?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $55.97 and last traded at $56.60, with a volume of 201584 shares. The stock had previously closed at $55.07.

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

The firm has a market capitalization of $674.91 million, a P/E ratio of 16.96 and a beta of 0.90. The business has a fifty day moving average of $56.19 and a 200-day moving average of $55.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FLQM. Orgel Wealth Management LLC lifted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 165.4% in the fourth quarter. Orgel Wealth Management LLC now owns 1,537,350 shares of the company’s stock worth $83,494,000 after purchasing an additional 958,040 shares during the period. LPL Financial LLC raised its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 28.7% during the 3rd quarter. LPL Financial LLC now owns 2,367,312 shares of the company’s stock worth $131,859,000 after buying an additional 527,519 shares in the last quarter. CWM LLC lifted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 36.1% in the 3rd quarter. CWM LLC now owns 1,035,544 shares of the company’s stock worth $57,680,000 after acquiring an additional 274,529 shares during the period. Financial Partners Group Inc bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth approximately $6,925,000. Finally, Harbor Group Inc. grew its position in Franklin U.S. Mid Cap Multifactor Index ETF by 253.5% in the third quarter. Harbor Group Inc. now owns 152,674 shares of the company’s stock worth $8,504,000 after buying an additional 109,489 shares during the last quarter.

About Franklin U.S. Mid Cap Multifactor Index ETF

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.