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

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGBGet Free Report)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $37.70 and last traded at $37.70, with a volume of 2058 shares changing hands. The stock had previously closed at $37.37.

Franklin FTSE United Kingdom ETF Trading Up 0.9%

The company has a market capitalization of $908.57 million, a PE ratio of 15.48 and a beta of 0.64. The stock’s 50-day moving average is $36.27 and its two-hundred day moving average is $35.89.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

Several hedge funds and other institutional investors have recently modified their holdings of FLGB. Thrivent Financial for Lutherans bought a new stake in Franklin FTSE United Kingdom ETF during the 4th quarter valued at about $1,972,000. Quantinno Capital Management LP boosted its position in Franklin FTSE United Kingdom ETF by 29.8% in the 1st quarter. Quantinno Capital Management LP now owns 63,979 shares of the company’s stock valued at $2,224,000 after buying an additional 14,704 shares during the period. Purpose Unlimited Inc. purchased a new stake in Franklin FTSE United Kingdom ETF in the 4th quarter valued at about $4,631,000. GHP Investment Advisors Inc. grew its stake in Franklin FTSE United Kingdom ETF by 2.5% in the 1st quarter. GHP Investment Advisors Inc. now owns 800,187 shares of the company’s stock worth $27,815,000 after acquiring an additional 19,845 shares in the last quarter. Finally, Morningstar Investment Management LLC bought a new position in Franklin FTSE United Kingdom ETF in the 1st quarter worth about $7,507,000.

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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