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

Shares of Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $59.61 and last traded at $60.93, with a volume of 29450 shares. The stock had previously closed at $58.39.

Franklin U.S. Large Cap Multifactor Index ETF Trading Up 3.9 %

The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 21.41 and a beta of 1.01. The stock has a 50-day simple moving average of $60.26 and a 200-day simple moving average of $58.85.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 10.7% in the 4th quarter. Cetera Investment Advisers now owns 270,704 shares of the company’s stock valued at $15,874,000 after purchasing an additional 26,159 shares in the last quarter. Bank of America Corp DE raised its stake in Franklin U.S. Large Cap Multifactor Index ETF by 1.3% during the fourth quarter. Bank of America Corp DE now owns 1,545,882 shares of the company’s stock valued at $90,651,000 after buying an additional 19,661 shares in the last quarter. Stifel Financial Corp lifted its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 3.6% during the 4th quarter. Stifel Financial Corp now owns 56,902 shares of the company’s stock worth $3,337,000 after buying an additional 1,971 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 3.7% in the 4th quarter. NewEdge Advisors LLC now owns 6,475 shares of the company’s stock worth $380,000 after acquiring an additional 232 shares in the last quarter. Finally, Mariner LLC grew its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 5.4% in the 4th quarter. Mariner LLC now owns 50,717 shares of the company’s stock worth $2,974,000 after acquiring an additional 2,605 shares in the last quarter.

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.