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

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $30.51 and last traded at $30.48, with a volume of 85644 shares traded. The stock had previously closed at $30.23.

Franklin FTSE United Kingdom ETF Stock Performance

The company has a market cap of $790.96 million, a PE ratio of 18.26 and a beta of 0.75. The stock’s 50-day simple moving average is $28.58 and its 200 day simple moving average is $27.76.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in shares of Franklin FTSE United Kingdom ETF by 2.5% in the 4th quarter. Bank of America Corp DE now owns 10,568,128 shares of the company’s stock valued at $276,779,000 after buying an additional 255,570 shares during the period. GHP Investment Advisors Inc. raised its position in Franklin FTSE United Kingdom ETF by 2.0% in the first quarter. GHP Investment Advisors Inc. now owns 738,578 shares of the company’s stock worth $21,169,000 after acquiring an additional 14,294 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Franklin FTSE United Kingdom ETF by 2,482.0% in the fourth quarter. Ameriprise Financial Inc. now owns 442,582 shares of the company’s stock valued at $11,591,000 after acquiring an additional 425,441 shares during the period. LPL Financial LLC boosted its position in shares of Franklin FTSE United Kingdom ETF by 106.8% during the 1st quarter. LPL Financial LLC now owns 436,122 shares of the company’s stock worth $12,500,000 after purchasing an additional 225,219 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Franklin FTSE United Kingdom ETF during the 4th quarter worth $7,846,000.

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.