Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Reaches New 52-Week High – Should You Buy?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB)’s share price hit a new 52-week high on Tuesday . The company traded as high as $36.28 and last traded at $36.2650, with a volume of 70950 shares changing hands. The stock had previously closed at $36.07.

Franklin FTSE United Kingdom ETF Trading Up 0.6%

The firm has a market capitalization of $1.00 billion, a PE ratio of 15.48 and a beta of 0.75. The business’s 50 day simple moving average is $34.54 and its two-hundred day simple moving average is $33.07.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

Large investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new stake in shares of Franklin FTSE United Kingdom ETF during the second quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Franklin FTSE United Kingdom ETF during the 4th quarter valued at approximately $43,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Franklin FTSE United Kingdom ETF by 79.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,553 shares of the company’s stock valued at $48,000 after buying an additional 686 shares during the last quarter. Triumph Capital Management bought a new stake in shares of Franklin FTSE United Kingdom ETF during the third quarter valued at approximately $110,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Franklin FTSE United Kingdom ETF in the second quarter worth $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.