Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sets New 1-Year High – Time to Buy?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGBGet Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $33.74 and last traded at $33.7860, with a volume of 11939 shares traded. The stock had previously closed at $33.44.

Franklin FTSE United Kingdom ETF Stock Performance

The firm has a market cap of $946.32 million, a price-to-earnings ratio of 15.48 and a beta of 0.75. The business’s 50-day moving average is $32.77 and its 200-day moving average is $31.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FLGB. Geneos Wealth Management Inc. acquired a new stake in Franklin FTSE United Kingdom ETF during the 2nd quarter valued at $25,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Franklin FTSE United Kingdom ETF by 86,600.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 867 shares of the company’s stock worth $25,000 after purchasing an additional 866 shares during the last quarter. Triumph Capital Management acquired a new stake in shares of Franklin FTSE United Kingdom ETF in the third quarter valued at $110,000. Bell Investment Advisors Inc raised its holdings in shares of Franklin FTSE United Kingdom ETF by 13.3% in the first quarter. Bell Investment Advisors Inc now owns 4,557 shares of the company’s stock valued at $131,000 after buying an additional 536 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Franklin FTSE United Kingdom ETF in the second quarter valued at about $144,000.

Franklin FTSE United Kingdom ETF Company Profile

(Get Free Report)

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.

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