Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sets New 52-Week High – What’s Next?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $36.27 and last traded at $36.2450, with a volume of 49133 shares changing hands. The stock had previously closed at $35.83.

Franklin FTSE United Kingdom ETF Price Performance

The business has a 50-day simple moving average of $34.31 and a two-hundred day simple moving average of $32.92. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 15.48 and a beta of 0.75.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

A number of large investors have recently added to or reduced their stakes in FLGB. Geneos Wealth Management Inc. bought a new position in Franklin FTSE United Kingdom ETF during the second quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Franklin FTSE United Kingdom ETF in the fourth quarter valued at about $43,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Franklin FTSE United Kingdom ETF by 79.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,553 shares of the company’s stock worth $48,000 after buying an additional 686 shares during the last quarter. Triumph Capital Management acquired a new stake in shares of Franklin FTSE United Kingdom ETF during the 3rd quarter worth about $110,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Franklin FTSE United Kingdom ETF during the 2nd quarter worth about $144,000.

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.