Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Reaches New 1-Year High – Time to Buy?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) hit a new 52-week high during trading on Friday . The stock traded as high as $32.86 and last traded at $32.87, with a volume of 27199 shares traded. The stock had previously closed at $32.74.

Franklin FTSE United Kingdom ETF Price Performance

The firm has a market capitalization of $922.28 million, a PE ratio of 15.48 and a beta of 0.87. The business’s 50 day moving average is $32.15 and its two-hundred day moving average is $30.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Swmg LLC increased its stake in Franklin FTSE United Kingdom ETF by 11.6% in the third quarter. Swmg LLC now owns 11,106 shares of the company’s stock valued at $364,000 after acquiring an additional 1,152 shares during the last quarter. Meridian Investment Counsel Inc. boosted its holdings in shares of Franklin FTSE United Kingdom ETF by 0.9% in the 3rd quarter. Meridian Investment Counsel Inc. now owns 66,925 shares of the company’s stock worth $2,162,000 after purchasing an additional 600 shares in the last quarter. Corient Private Wealth LLC increased its position 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 last quarter. Osaic Holdings Inc. increased its position in shares of Franklin FTSE United Kingdom ETF by 18.8% during the 2nd quarter. Osaic Holdings Inc. now owns 18,893 shares of the company’s stock valued at $579,000 after purchasing an additional 2,984 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Franklin FTSE United Kingdom ETF by 953.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 325,294 shares of the company’s stock valued at $9,964,000 after buying an additional 294,414 shares in the last quarter.

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.