Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Reaches New 52-Week High – Still a Buy?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $36.68 and last traded at $36.75, with a volume of 45422 shares. The stock had previously closed at $36.42.

Franklin FTSE United Kingdom ETF Trading Up 0.4%

The business has a 50-day moving average price of $34.93 and a 200 day moving average price of $33.30. The stock has a market capitalization of $1.02 billion, a P/E ratio of 15.48 and a beta of 0.75.

Institutional Trading of Franklin FTSE United Kingdom ETF

A number of large investors have recently made changes to their positions in the business. Swmg LLC raised its position in shares of Franklin FTSE United Kingdom ETF by 3.2% during the 4th quarter. Swmg LLC now owns 11,462 shares of the company’s stock valued at $411,000 after buying an additional 356 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Franklin FTSE United Kingdom ETF by 31.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,178 shares of the company’s stock worth $74,000 after acquiring an additional 523 shares during the last quarter. Meridian Investment Counsel Inc. raised its position in Franklin FTSE United Kingdom ETF by 0.9% during the third quarter. Meridian Investment Counsel Inc. now owns 66,925 shares of the company’s stock valued at $2,162,000 after purchasing an additional 600 shares during the period. Bell Investment Advisors Inc lifted its stake in shares of Franklin FTSE United Kingdom ETF by 14.0% in the 2nd quarter. Bell Investment Advisors Inc now owns 5,197 shares of the company’s stock valued at $159,000 after purchasing an additional 640 shares during the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Franklin FTSE United Kingdom ETF in the 2nd quarter worth approximately $25,000.

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.