Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Large Volume Increase – Should You Buy?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) shares saw unusually-strong trading volume on Monday . Approximately 928,438 shares traded hands during trading, an increase of 336% from the previous session’s volume of 212,791 shares.The stock last traded at $35.56 and had previously closed at $36.02.

Franklin FTSE United Kingdom ETF Stock Up 2.0%

The company has a market cap of $859.84 million, a price-to-earnings ratio of 15.48 and a beta of 0.65. The stock has a fifty day moving average price of $35.55 and a two-hundred day moving average price of $34.50.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Swmg LLC lifted its holdings in shares of Franklin FTSE United Kingdom ETF by 3.2% during the fourth quarter. Swmg LLC now owns 11,462 shares of the company’s stock worth $411,000 after buying an additional 356 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 buying an additional 523 shares in the last quarter. Meridian Investment Counsel Inc. lifted its holdings in shares of 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 worth $2,162,000 after buying an additional 600 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Franklin FTSE United Kingdom ETF by 10.0% during the first quarter. Sanctuary Advisors LLC now owns 6,741 shares of the company’s stock worth $234,000 after buying an additional 611 shares in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Franklin FTSE United Kingdom ETF during the second quarter worth $25,000.

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.