Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Reaches New 52-Week High – What’s Next?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $55.97 and last traded at $55.52, 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 Up 0.8 %

The company has a fifty day moving average price of $55.77 and a 200 day moving average price of $55.29. The stock has a market cap of $668.65 million, a PE ratio of 16.96 and a beta of 0.90.

Hedge Funds Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF

A number of large investors have recently bought and sold shares of FLQM. AQR Capital Management LLC grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 49.7% in the second quarter. AQR Capital Management LLC now owns 8,180 shares of the company’s stock worth $420,000 after purchasing an additional 2,716 shares during the last quarter. Onyx Bridge Wealth Group LLC purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter valued at $209,000. Orgel Wealth Management LLC bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter worth $32,268,000. Stratos Investment Management LLC increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 0.8% in the third quarter. Stratos Investment Management LLC now owns 189,966 shares of the company’s stock valued at $10,581,000 after acquiring an additional 1,504 shares during the period. Finally, KMG Fiduciary Partners LLC raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 369.4% during the third quarter. KMG Fiduciary Partners LLC now owns 57,214 shares of the company’s stock valued at $3,187,000 after acquiring an additional 45,026 shares during the last quarter.

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

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.