Modern Wealth Management LLC Invests $401,000 in Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)

Modern Wealth Management LLC purchased a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,518 shares of the company’s stock, valued at approximately $401,000.

Several other large investors have also recently added to or reduced their stakes in the company. World Investment Advisors LLC purchased a new stake in Franklin U.S. Large Cap Multifactor Index ETF during the third quarter worth about $45,415,000. Raymond James Financial Inc. acquired a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF during the 4th quarter valued at approximately $30,157,000. Sanctuary Advisors LLC boosted its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 12.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,400,273 shares of the company’s stock worth $83,806,000 after acquiring an additional 157,016 shares in the last quarter. Win Advisors Inc. acquired a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF in the 4th quarter worth approximately $9,040,000. Finally, Bank of New York Mellon Corp increased its stake in Franklin U.S. Large Cap Multifactor Index ETF by 7.0% in the 4th quarter. Bank of New York Mellon Corp now owns 867,413 shares of the company’s stock valued at $50,865,000 after purchasing an additional 57,011 shares in the last quarter.

Franklin U.S. Large Cap Multifactor Index ETF Stock Down 1.9 %

Shares of FLQL stock opened at $57.26 on Friday. The stock has a market cap of $1.43 billion, a P/E ratio of 23.51 and a beta of 0.95. Franklin U.S. Large Cap Multifactor Index ETF has a fifty-two week low of $49.84 and a fifty-two week high of $62.31. The business has a fifty day simple moving average of $59.60 and a 200-day simple moving average of $59.17.

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.