Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Hits New 52-Week High – Here’s Why

Posted by Erica Schwartz on Dec 18th, 2024

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL – Get Free Report)’s share price reached a new 52-week high on Monday . The stock traded as high as $60.95 and last traded at $61.04, with a volume of 35222 shares trading hands. The stock had previously closed at $60.69.

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

The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 21.41 and a beta of 1.01. The business has a fifty day moving average price of $59.59 and a two-hundred day moving average price of $57.29.

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

Several hedge funds and other institutional investors have recently bought and sold shares of FLQL. International Assets Investment Management LLC purchased a new stake in shares of Franklin U.S. Large Cap Multifactor Index ETF in the 2nd quarter valued at $34,000. Assetmark Inc. boosted its holdings in 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 last quarter. Cullen Frost Bankers Inc. acquired a new stake in Franklin U.S. Large Cap Multifactor Index ETF during the 2nd quarter worth about $105,000. FMR LLC raised its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 30.7% during the 3rd quarter. FMR LLC now owns 4,034 shares of the company’s stock valued at $235,000 after buying an additional 948 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 5.4% in the 3rd quarter. Park Avenue Securities LLC now owns 7,605 shares of the company’s stock valued at $442,000 after buying an additional 389 shares during the period.

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

(Get Free Report)

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.