FLQM Stock Summary and Trading Ideas (Franklin Libertyq U.S. Mid Cap Equity ETF | BATS:FLQM)

Seeks to provide investment results that closely correspond, before fees and expenses, to the performance of its corresponding underlying index, LibertyQ U.S. Mid Cap Equity Index. The index methodology employs a rules based, custom multi factor approach providing exposure to four well known factors: 50% Quality, 30% Value, 10% Momentum and 10% Low Volatility.

Franklin Libertyq U.S. Mid Cap Equity ETF trades on the BATS stock market under the symbol FLQM.

As of April 24, 2024, FLQM stock price declined to $50.55 with 15,471 million shares trading.

FLQM has a beta of 0.98, meaning it tends to be less sensitive to market movements. FLQM has a correlation of 0.78 to the broad based SPY ETF.

FLQM has a market cap of $591.44 million. This is considered a Small Cap stock.

In the last 3 years, FLQM stock traded as high as $53.61 and as low as $37.02.

FLQM has underperformed the market in the last year with a price return of +17.5% while the SPY ETF gained +23.9%. However, in the short term, FLQM had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.2% vs +4.3% return in SPY. But in the last 2 weeks, FLQM shares have been beat by the market, returning -4.0% compared to an SPY return of -2.9%.

FLQM support price is $50.26 and resistance is $51.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FLQM stock will trade within this expected range on the day.