Brookstone Capital Management has increased its holdings in the Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) by 4.0% during the 1st quarter, according to a recent filing with the Securities and Exchange Commission (SEC). The firm now owns 154,796 shares of the company’s stock, worth $8,243,000.
Other institutional investors and hedge funds have also been active in trading FLQL shares. Park Avenue Securities LLC, Christopher J. Hasenberg Inc, Cambridge Investment Research Advisors Inc., Franklin Resources Inc., and Wells Fargo & Company MN all made significant moves in the 1st and 4th quarters.
FLQL stock opened at $55.60 on Friday, with a 52-week low of $25.40 and a high of $30.32. The company has a market capitalization of $1.33 billion, a PE ratio of 21.41, and a beta of 1.01.
The Franklin U.S. Large Cap Multifactor Index ETF (FLQL) is an exchange-traded fund based on the LibertyQ US Large Cap Equity index. The fund tracks a multi-factor US large-cap index, selecting and weighting stocks based on quality, value, momentum, and low-volatility factors.
In DailyBubble’s perspective, the increase in institutional holdings and the steady performance of FLQL stock indicate a positive outlook for the company. Investors may find FLQL to be a promising investment opportunity in the large-cap ETF space.