Franklin U.S. Large Cap Multifactor Index ETF Reaches New Annual Apex

On a noteworthy trading day, the Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) soared to a fresh 52-week pinnacle, trading momentarily at a high of $45.95 before settling at $45.87. A total of 18,650 shares exchanged hands. The ETF's previous closing price was $45.94.

Franklin U.S. Large Cap Multifactor Index ETF's Market Performance

The ETF has shown consistent growth with its fifty-day simple moving average at $43.81 and the two-hundred-day simple moving average at $44.04. Currently, the ETF boasts a market capitalization of $942.45 million, with a price-to-earnings ratio of 18.37 and a beta of 0.92.

Shifts in Institutional Ownership

Recently, there have been significant movements in institutional investments. Qube Research & Technologies Ltd initiated a new position in FLQL worth approximately $27,000. JPMorgan Chase & Co. and American Trust also joined the roster of new investors with stakes worth $177,000 and $207,000, respectively. Meanwhile, Raymond James & Associates increased its holdings by 7.3%, now owning 5,325 shares valued at $238,000. Cornerstone Wealth Management LLC embarked on a new investment in FLQL in the earlier part of the year, valued at about $252,000.

Understanding Franklin U.S. Large Cap Multifactor Index ETF

The Franklin U.S. Large Cap Multifactor Index ETF, known as FLQL, is an investment fund that mirrors the LibertyQ US Large Cap Equity index. FLQL strategically selects U.S. large-cap stocks based on a balance of quality, value, momentum, and low-volatility factors, aiming for varied and optimized stock weights within the portfolio.

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