Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sets New 1-Year High – Here’s Why

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $34.78 and last traded at $34.7060, with a volume of 3375 shares. The stock had previously closed at $34.58.

Franklin FTSE United Kingdom ETF Stock Performance

The company has a market capitalization of $968.67 million, a PE ratio of 15.48 and a beta of 0.75. The firm’s 50-day simple moving average is $33.58 and its 200 day simple moving average is $32.51.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

Several institutional investors and hedge funds have recently made changes to their positions in FLGB. Geneos Wealth Management Inc. acquired a new position in Franklin FTSE United Kingdom ETF in the second quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Franklin FTSE United Kingdom ETF during the fourth quarter worth $43,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Franklin FTSE United Kingdom ETF by 79.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,553 shares of the company’s stock worth $48,000 after buying an additional 686 shares during the last quarter. Triumph Capital Management acquired a new position in shares of Franklin FTSE United Kingdom ETF in the 3rd quarter valued at about $110,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Franklin FTSE United Kingdom ETF during the 2nd quarter valued at about $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.