Franklin LibertyQ U.S. Equity ETF Could Target the $50 Mark Soon

The United States stock market has performed well so far this year, with several stocks bouncing back from the pandemic lows of last year. This has allowed numerous funds to perform excellently since the start of 2021.

FLQL Performs Excellently in 2021

The Franklin LibertyQ U.S. Equity ETF (FLQL) is one of the best performing funds in its category, recording huge profits since the start of the year. It is an ETF that offers exposure to the Style Box – Large Cap Blend category of the market.

The ETF is sponsored by Franklin Templeton Investments and currently has over $970 million in assets under management, making it one of the larger ETFs in the Style Box – Large Cap Blend. Before fees and expenses, the ETF is designed to match the performance of the LibertyQ US Large Cap Equity Index.

The index meanwhile aims to achieve a lower level of risk and higher risk-adjusted performance than the Russell 1000 Index in the long term. It intends to achieve this by applying a multi-factor selection process designed to choose equity securities from the Russell 1000 Index with favorable exposure to factors such as quality, value, momentum and low volatility.

Since the start of the year, FLQL’s value has gone up by more than 24%, making it one of the best performers in the Style Box – Large Cap Blend. In the past month, FLQL has added 1% to its value and remains on track to finish the year on a high.

FLQL Could Top $50 Soon

The Franklin LibertyQ U.S. Equity ETF could rally higher over the next few weeks. The fund has some good stocks in its portfolio, including Nvidia Corp (NVDA), Adobe Inc. (ADBE) and Thermo Fisher Scientific Inc. (TMO).

At press time, FLQL is trading at $46.15 per share, down by 0.30% over the past few hours. However, the fund could top the $50 over the coming weeks if it can maintain the momentum it has generated over the last 12 months.

FLQL is one of the cheaper products in the space, with annual operating expenses of 0.15% and a 12-month trailing dividend yield of 1.84%. The fund has a beta of 0.91 and a standard deviation of 21.28% for the trailing three-year period.