Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sets New 52-Week High – Still a Buy?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $33.52 and last traded at $33.5140, with a volume of 11437 shares changing hands. The stock had previously closed at $33.29.

Franklin FTSE United Kingdom ETF Trading Up 0.5%

The company has a market capitalization of $938.27 million, a P/E ratio of 15.48 and a beta of 0.75. The stock’s fifty day moving average is $32.71 and its 200 day moving average is $31.76.

Institutional Trading of Franklin FTSE United Kingdom ETF

Large investors have recently modified their holdings of the business. Bank of America Corp DE raised its position in Franklin FTSE United Kingdom ETF by 4.3% during the 3rd quarter. Bank of America Corp DE now owns 10,517,848 shares of the company’s stock valued at $339,832,000 after purchasing an additional 435,145 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of Franklin FTSE United Kingdom ETF by 4,815.7% during the second quarter. Corient Private Wealth LLC now owns 2,021,235 shares of the company’s stock valued at $61,898,000 after buying an additional 1,980,117 shares during the period. Franklin Resources Inc. increased its stake in shares of Franklin FTSE United Kingdom ETF by 625,000.0% during the third quarter. Franklin Resources Inc. now owns 1,200,192 shares of the company’s stock valued at $38,778,000 after buying an additional 1,200,000 shares during the period. CW Advisors LLC raised its holdings in shares of Franklin FTSE United Kingdom ETF by 0.6% during the second quarter. CW Advisors LLC now owns 871,928 shares of the company’s stock valued at $26,707,000 after acquiring an additional 4,805 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its stake in Franklin FTSE United Kingdom ETF by 1.1% in the third quarter. GHP Investment Advisors Inc. now owns 770,416 shares of the company’s stock worth $24,892,000 after acquiring an additional 8,191 shares during the period.

Franklin FTSE United Kingdom ETF Company Profile

The Franklin FTSE United Kingdom ETF (FLGB) is an exchange-traded fund that is based on the FTSE UK RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap companies from the United Kingdom. FLGB was launched on Nov 2, 2017 and is managed by Franklin Templeton.