Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Hits New 12-Month High – What’s Next?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGBGet Free Report)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $35.25 and last traded at $34.4850, with a volume of 250 shares changing hands. The stock had previously closed at $34.54.

Franklin FTSE United Kingdom ETF Price Performance

The company has a fifty day moving average price of $33.28 and a 200 day moving average price of $32.27. The company has a market cap of $1.01 billion, a PE ratio of 15.48 and a beta of 0.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new position in Franklin FTSE United Kingdom ETF in the second quarter valued at $25,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Franklin FTSE United Kingdom ETF by 79.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,553 shares of the company’s stock worth $48,000 after purchasing an additional 686 shares in the last quarter. Triumph Capital Management bought a new position in shares of Franklin FTSE United Kingdom ETF during the 3rd quarter valued at about $110,000. Raymond James Financial Inc. purchased a new position in shares of Franklin FTSE United Kingdom ETF during the 2nd quarter valued at about $144,000. Finally, Bell Investment Advisors Inc lifted its position in Franklin FTSE United Kingdom ETF by 14.0% in the 2nd quarter. Bell Investment Advisors Inc now owns 5,197 shares of the company’s stock worth $159,000 after buying an additional 640 shares during the last quarter.

About Franklin FTSE United Kingdom ETF

(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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