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

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) shares reached a new 52-week high on Thursday . The stock traded as high as $37.38 and last traded at $37.38, with a volume of 135671 shares. The stock had previously closed at $36.70.

Franklin FTSE United Kingdom ETF Price Performance

The firm has a market cap of $912.23 million, a price-to-earnings ratio of 15.48 and a beta of 0.64. The firm’s fifty day moving average is $35.79 and its 200-day moving average is $35.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE grew its stake in Franklin FTSE United Kingdom ETF by 4.3% during the third quarter. Bank of America Corp DE now owns 10,517,848 shares of the company’s stock worth $339,832,000 after purchasing an additional 435,145 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Franklin FTSE United Kingdom ETF by 625,000.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,200,192 shares of the company’s stock worth $38,778,000 after buying an additional 1,200,000 shares in the last quarter. GHP Investment Advisors Inc. grew its position in shares of Franklin FTSE United Kingdom ETF by 2.5% during the 1st quarter. GHP Investment Advisors Inc. now owns 800,187 shares of the company’s stock worth $27,815,000 after buying an additional 19,845 shares during the period. LPL Financial LLC grew its position in shares of Franklin FTSE United Kingdom ETF by 1.7% during the 4th quarter. LPL Financial LLC now owns 392,481 shares of the company’s stock worth $13,246,000 after buying an additional 6,726 shares during the period. Finally, UBS Group AG grew its position in shares of Franklin FTSE United Kingdom ETF by 2.3% during the 3rd quarter. UBS Group AG now owns 340,322 shares of the company’s stock worth $10,996,000 after buying an additional 7,758 shares during the period.

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.