Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Hits New 12-Month High – Still a Buy?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB)’s stock price reached a new 52-week high on Monday . The stock traded as high as $33.14 and last traded at $33.21, with a volume of 30309 shares traded. The stock had previously closed at $32.87.

Franklin FTSE United Kingdom ETF Stock Up 1.2%

The business’s 50-day moving average is $32.31 and its two-hundred day moving average is $31.25. The stock has a market capitalization of $933.22 million, a price-to-earnings ratio of 15.48 and a beta of 0.75.

Institutional Trading of Franklin FTSE United Kingdom ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its stake in shares of Franklin FTSE United Kingdom ETF by 17.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 256,826 shares of the company’s stock valued at $7,361,000 after buying an additional 37,872 shares during the period. LPL Financial LLC raised 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 valued at $12,500,000 after buying an additional 225,219 shares during the period. Cetera Investment Advisers lifted its holdings in Franklin FTSE United Kingdom ETF by 9.4% in the first quarter. Cetera Investment Advisers now owns 8,482 shares of the company’s stock valued at $243,000 after acquiring an additional 731 shares during the last quarter. Beckerman Institutional LLC grew its position in Franklin FTSE United Kingdom ETF by 13.7% in the first quarter. Beckerman Institutional LLC now owns 16,899 shares of the company’s stock worth $484,000 after acquiring an additional 2,030 shares during the period. Finally, Tradewinds Capital Management LLC acquired a new stake in Franklin FTSE United Kingdom ETF during the second quarter worth $19,153,000.

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.