Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Reaches New 1-Year High – Here’s What Happened

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) reached a new 52-week high during trading on Monday . The stock traded as high as $36.68 and last traded at $36.75, with a volume of 45422 shares traded. The stock had previously closed at $36.42.

Franklin FTSE United Kingdom ETF Stock Performance

The business’s fifty day moving average price is $34.80 and its 200-day moving average price is $33.22. The stock has a market cap of $1.01 billion, a PE ratio of 15.48 and a beta of 0.75.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Atria Investments Inc grew its holdings in shares of Franklin FTSE United Kingdom ETF by 32.5% in the second quarter. Atria Investments Inc now owns 14,021 shares of the company’s stock worth $429,000 after acquiring an additional 3,439 shares during the period. Envestnet Asset Management Inc. boosted its position in Franklin FTSE United Kingdom ETF by 3.0% in the second quarter. Envestnet Asset Management Inc. now owns 264,561 shares of the company’s stock worth $8,103,000 after purchasing an additional 7,735 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Franklin FTSE United Kingdom ETF by 4,815.7% during the 2nd quarter. Corient Private Wealth LLC now owns 2,021,235 shares of the company’s stock valued at $61,898,000 after purchasing an additional 1,980,117 shares during the period. Avestar Capital LLC purchased a new stake in shares of Franklin FTSE United Kingdom ETF during the 2nd quarter valued at about $864,000. Finally, MMA Asset Management LLC purchased a new stake in shares of Franklin FTSE United Kingdom ETF during the 2nd quarter valued at about $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.