Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Reaches New 1-Year High – Should You Buy?

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 $56.98 and last traded at $56.46, with a volume of 156636 shares trading hands. The stock had previously closed at $56.43.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Up 0.1 %

The firm has a market capitalization of $680.34 million, a P/E ratio of 16.96 and a beta of 0.90. The business’s 50 day moving average is $55.45 and its 200-day moving average is $53.40.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. MML Investors Services LLC bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth about $1,002,000. Orion Portfolio Solutions LLC lifted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 15.8% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 12,491 shares of the company’s stock worth $696,000 after buying an additional 1,705 shares during the period. Jane Street Group LLC grew its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 260.7% in the 3rd quarter. Jane Street Group LLC now owns 38,335 shares of the company’s stock worth $2,135,000 after buying an additional 27,707 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 15.0% during the third quarter. Stifel Financial Corp now owns 137,612 shares of the company’s stock valued at $7,665,000 after buying an additional 17,973 shares during the period. Finally, Providence Capital Advisors LLC purchased a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth $63,000.

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.