Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Hits 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 stock traded as high as $59.61 and last traded at $57.48, with a volume of 29450 shares trading hands. The stock had previously closed at $58.39.

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

The stock has a fifty day simple moving average of $60.15 and a 200 day simple moving average of $59.17. The firm has a market cap of $1.44 billion, a P/E ratio of 25.02 and a beta of 0.95.

Institutional Trading of Franklin U.S. Large Cap Multifactor Index ETF

A number of large investors have recently made changes to their positions in FLQL. Decker Retirement Planning Inc. bought a new stake in Franklin U.S. Large Cap Multifactor Index ETF in the 4th quarter worth approximately $36,000. Assetmark Inc. boosted its position in Franklin U.S. Large Cap Multifactor Index ETF by 102.0% in the third quarter. Assetmark Inc. now owns 1,010 shares of the company’s stock worth $59,000 after purchasing an additional 510 shares during the last quarter. FMR LLC grew its position in Franklin U.S. Large Cap Multifactor Index ETF by 30.7% during the third quarter. FMR LLC now owns 4,034 shares of the company’s stock valued at $235,000 after buying an additional 948 shares during the period. Leigh Baldwin & CO. LLC purchased a new stake in Franklin U.S. Large Cap Multifactor Index ETF during the fourth quarter valued at approximately $274,000. Finally, NewEdge Advisors LLC raised its position in Franklin U.S. Large Cap Multifactor Index ETF by 3.7% in the fourth quarter. NewEdge Advisors LLC now owns 6,475 shares of the company’s stock worth $380,000 after acquiring an additional 232 shares during the period.

Franklin U.S. Large Cap Multifactor Index ETF Company Profile

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.