Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Reaches New 52-Week High – Still a Buy?

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) hit a new 52-week high on Monday . The stock traded as high as $55.97 and last traded at $55.17, with a volume of 201584 shares changing hands. The stock had previously closed at $55.07.

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

The firm’s fifty day moving average price is $55.29 and its two-hundred day moving average price is $55.57. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 16.92 and a beta of 1.05.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter valued at approximately $196,000. Janney Montgomery Scott LLC grew its position in Franklin U.S. Mid Cap Multifactor Index ETF by 14.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 46,307 shares of the company’s stock valued at $2,579,000 after purchasing an additional 5,926 shares during the period. Financial Partners Group Inc acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter valued at $6,925,000. Advisor Resource Council bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter valued at $316,000. Finally, Aspire Wealth Management Corp raised its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 59.4% during the third quarter. Aspire Wealth Management Corp now owns 1,320 shares of the company’s stock worth $74,000 after buying an additional 492 shares during the last quarter.

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

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.