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

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $59.06 and last traded at $58.87, with a volume of 16473 shares changing hands. The stock had previously closed at $59.04.

Franklin U.S. Large Cap Multifactor Index ETF Stock Down 0.8 %

The stock has a market cap of $1.40 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 $57.36 and a 200 day simple moving average of $55.17.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its position in Franklin U.S. Large Cap Multifactor Index ETF by 6.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 398,974 shares of the company’s stock valued at $21,245,000 after acquiring an additional 22,807 shares in the last quarter. Core Wealth Partners LLC raised its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 4.9% in the first quarter. Core Wealth Partners LLC now owns 17,533 shares of the company’s stock valued at $934,000 after purchasing an additional 820 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF during the first quarter valued at about $202,000. Atria Wealth Solutions Inc. lifted its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 27.4% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 21,217 shares of the company’s stock worth $1,179,000 after buying an additional 4,557 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF during the 2nd quarter worth approximately $105,000.

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.