Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Sets New 52-Week High at $51.63

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $51.63 and last traded at $51.13, with a volume of 222578 shares trading hands. The stock had previously closed at $52.30.

Franklin U.S. Mid Cap Multifactor Index ETF Price Performance

The stock has a market cap of $615.88 million, a P/E ratio of 16.96 and a beta of 0.90. The company has a fifty day moving average of $51.91 and a 200 day moving average of $51.19.

Institutional Investors Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 0.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,274,133 shares of the company’s stock worth $65,350,000 after acquiring an additional 6,823 shares during the last quarter. CWM LLC raised its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 12.5% during the second quarter. CWM LLC now owns 761,015 shares of the company’s stock valued at $39,032,000 after buying an additional 84,455 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the fourth quarter valued at about $31,365,000. Raymond James & Associates raised its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 119.1% during the second quarter. Raymond James & Associates now owns 342,750 shares of the company’s stock valued at $17,580,000 after buying an additional 186,321 shares during the last quarter. Finally, Financial Consulate Inc. acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the first quarter valued at about $14,737,000.

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.