Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Strong Trading Volume – Here’s Why

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw unusually-strong trading volume on Monday . 476,800 shares changed hands during mid-day trading, an increase of 170% from the previous session’s volume of 176,461 shares.The stock last traded at $37.81 and had previously closed at $37.70.

Franklin FTSE United Kingdom ETF Price Performance

The stock has a 50-day moving average price of $36.39 and a 200-day moving average price of $35.93. The firm has a market capitalization of $916.04 million, a PE ratio of 15.48 and a beta of 0.64.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

Institutional investors have recently made changes to their positions in the business. Swmg LLC boosted its stake in Franklin FTSE United Kingdom ETF by 3.2% in the fourth quarter. Swmg LLC now owns 11,462 shares of the company’s stock valued at $411,000 after acquiring an additional 356 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Franklin FTSE United Kingdom ETF by 31.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,178 shares of the company’s stock worth $74,000 after purchasing an additional 523 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Franklin FTSE United Kingdom ETF by 10.0% in the 1st quarter. Sanctuary Advisors LLC now owns 6,741 shares of the company’s stock worth $234,000 after purchasing an additional 611 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Franklin FTSE United Kingdom ETF in the 2nd quarter worth approximately $25,000. Finally, Dynamic Wealth Strategies LLC boosted its position in Franklin FTSE United Kingdom ETF by 8.9% during the 1st quarter. Dynamic Wealth Strategies LLC now owns 12,363 shares of the company’s stock valued at $430,000 after purchasing an additional 1,008 shares during the period.

About Franklin FTSE United Kingdom ETF

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.