Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Sets New 12-Month High – Time to Buy?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $55.97 and last traded at $55.42, with a volume of 201584 shares trading hands. The stock had previously closed at $55.07.

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

The stock has a market capitalization of $670.94 million, a P/E ratio of 16.96 and a beta of 0.90. The stock has a 50-day simple moving average of $55.55 and a 200 day simple moving average of $55.34.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Snowden Capital Advisors LLC boosted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 1.3% in the 4th quarter. Snowden Capital Advisors LLC now owns 108,913 shares of the company’s stock valued at $5,915,000 after buying an additional 1,448 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 16.6% in the 4th quarter. Royal Bank of Canada now owns 287,235 shares of the company’s stock valued at $15,600,000 after purchasing an additional 40,996 shares during the period. Redwood Financial Network Corp lifted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.1% in the 4th quarter. Redwood Financial Network Corp now owns 10,923 shares of the company’s stock valued at $593,000 after purchasing an additional 331 shares during the period. Investor s Fiduciary Advisor Network LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 4th quarter valued at $316,000. Finally, Cetera Investment Advisers lifted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 37.3% in the 4th quarter. Cetera Investment Advisers now owns 371,306 shares of the company’s stock valued at $20,166,000 after purchasing an additional 100,785 shares during the period.

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.