Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw strong trading volume on Tuesday . 958,134 shares changed hands during mid-day trading, an increase of 291% from the previous session’s volume of 244,996 shares.The stock last traded at $35.75 and had previously closed at $36.75.

Franklin FTSE United Kingdom ETF Price Performance

The firm’s 50 day moving average is $35.21 and its 200 day moving average is $33.45. The company has a market cap of $990.00 million, a PE ratio of 15.48 and a beta of 0.75.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FLGB. Atria Investments Inc grew its stake in Franklin FTSE United Kingdom ETF by 32.5% in the 2nd quarter. Atria Investments Inc now owns 14,021 shares of the company’s stock worth $429,000 after acquiring an additional 3,439 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Franklin FTSE United Kingdom ETF by 3.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 264,561 shares of the company’s stock worth $8,103,000 after buying an additional 7,735 shares during the last quarter. Corient Private Wealth LLC increased its holdings 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 acquiring an additional 1,980,117 shares in the last quarter. Avestar Capital LLC purchased a new position in shares of Franklin FTSE United Kingdom ETF in the second quarter worth $864,000. Finally, MMA Asset Management LLC purchased a new position in Franklin FTSE United Kingdom ETF in the 2nd quarter worth $4,689,000.

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.