Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Hits New 52-Week High – Still a Buy?

Shares of Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) hit a new 52-week high during trading on Monday . The stock traded as high as $59.61 and last traded at $56.65, with a volume of 29450 shares. The stock had previously closed at $58.39.

Franklin U.S. Large Cap Multifactor Index ETF Stock Performance

The firm’s fifty day simple moving average is $59.80 and its 200 day simple moving average is $59.14. The firm has a market cap of $1.42 billion, a P/E ratio of 25.02 and a beta of 0.95.

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

Several hedge funds have recently bought and sold shares of FLQL. Decker Retirement Planning Inc. acquired a new position in Franklin U.S. Large Cap Multifactor Index ETF in the 4th quarter valued at about $36,000. Assetmark Inc. boosted its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 102.0% in the third quarter. Assetmark Inc. now owns 1,010 shares of the company’s stock valued at $59,000 after purchasing an additional 510 shares during the period. FMR LLC grew its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 30.7% in the third quarter. FMR LLC now owns 4,034 shares of the company’s stock valued at $235,000 after purchasing an additional 948 shares in the last quarter. Leigh Baldwin & CO. LLC purchased a new stake in Franklin U.S. Large Cap Multifactor Index ETF during the 4th quarter worth approximately $274,000. Finally, NewEdge Advisors LLC lifted its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 3.7% during the 4th quarter. NewEdge Advisors LLC now owns 6,475 shares of the company’s stock worth $380,000 after buying an additional 232 shares in the last quarter.

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.