Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Unusually-High Trading Volume

Posted by Dante Gardener on May 7th, 2024

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB – Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 901,068 shares were traded during mid-day trading, an increase of 436% from the previous session’s volume of 167,958 shares.The stock last traded at $27.15 and had previously closed at $27.01.

Franklin FTSE United Kingdom ETF Price Performance

The stock has a market capitalization of $730.08 million, a price-to-earnings ratio of 13.37 and a beta of 0.73. The business has a fifty day moving average of $25.83 and a 200 day moving average of $24.94.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FLGB. CX Institutional acquired a new position in Franklin FTSE United Kingdom ETF in the fourth quarter valued at $13,357,000. Proquility Private Wealth Partners LLC grew its position in shares of Franklin FTSE United Kingdom ETF by 985.7% during the fourth quarter. Proquility Private Wealth Partners LLC now owns 271,670 shares of the company’s stock worth $6,831,000 after acquiring an additional 246,648 shares during the last quarter. PGIM Custom Harvest LLC boosted its stake in Franklin FTSE United Kingdom ETF by 15.5% during the 3rd quarter. PGIM Custom Harvest LLC now owns 200,019 shares of the company’s stock worth $4,783,000 after purchasing an additional 26,844 shares during the period. Syon Capital LLC acquired a new stake in shares of Franklin FTSE United Kingdom ETF during the third quarter worth about $232,000. Finally, Congress Wealth Management LLC DE grew its holdings in shares of Franklin FTSE United Kingdom ETF by 0.3% during the first quarter. Congress Wealth Management LLC DE now owns 905,276 shares of the company’s stock worth $23,655,000 after buying an additional 2,659 shares during the last quarter.

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.