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

Shares of Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $34.05 and last traded at $33.9160, with a volume of 2074 shares traded. The stock had previously closed at $33.82.

Franklin FTSE United Kingdom ETF Stock Up 0.9%

The company has a 50-day moving average of $33.10 and a 200 day moving average of $32.09. The firm has a market capitalization of $954.82 million, a PE ratio of 15.48 and a beta of 0.75.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings 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 worth $25,000 after acquiring an additional 866 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in Franklin FTSE United Kingdom ETF in the 2nd quarter worth $25,000. Triumph Capital Management purchased a new position in Franklin FTSE United Kingdom ETF in the 3rd quarter worth $110,000. Bell Investment Advisors Inc lifted its stake 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 last quarter. Finally, Raymond James Financial Inc. bought a new stake in Franklin FTSE United Kingdom ETF in 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.