Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sets New 12-Month High – Here’s Why

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $33.90 and last traded at $33.81, with a volume of 15910 shares changing hands. The stock had previously closed at $33.69.

Franklin FTSE United Kingdom ETF Stock Performance

The company has a 50-day simple moving average of $32.98 and a 200 day simple moving average of $31.99. The company has a market capitalization of $950.33 million, a P/E ratio of 15.48 and a beta of 0.75.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of Franklin FTSE United Kingdom ETF by 86,600.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 867 shares of the company’s stock valued at $25,000 after acquiring an additional 866 shares during the period. Geneos Wealth Management Inc. bought a new stake in Franklin FTSE United Kingdom ETF in the second quarter valued at approximately $25,000. Triumph Capital Management acquired a new stake in Franklin FTSE United Kingdom ETF in the third quarter worth $110,000. Bell Investment Advisors Inc raised its holdings in Franklin FTSE United Kingdom ETF by 13.3% in the first quarter. Bell Investment Advisors Inc now owns 4,557 shares of the company’s stock worth $131,000 after purchasing an additional 536 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Franklin FTSE United Kingdom ETF during the second quarter worth $144,000.

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.