Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Hits New 12-Month High – Time to Buy?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $36.25 and last traded at $36.2250, with a volume of 3325 shares changing hands. The stock had previously closed at $35.66.

Franklin FTSE United Kingdom ETF Price Performance

The firm has a market cap of $995.82 million, a PE ratio of 15.48 and a beta of 0.75. The company has a 50 day simple moving average of $34.03 and a 200-day simple moving average of $32.76.

Institutional Trading of Franklin FTSE United Kingdom ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Meridian Investment Counsel Inc. grew its holdings in Franklin FTSE United Kingdom ETF by 0.9% in the 3rd quarter. Meridian Investment Counsel Inc. now owns 66,925 shares of the company’s stock worth $2,162,000 after acquiring an additional 600 shares during the last quarter. Bell Investment Advisors Inc boosted its holdings in shares of Franklin FTSE United Kingdom ETF by 14.0% during the second quarter. Bell Investment Advisors Inc now owns 5,197 shares of the company’s stock worth $159,000 after purchasing an additional 640 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Franklin FTSE United Kingdom ETF by 79.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,553 shares of the company’s stock worth $48,000 after purchasing an additional 686 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Franklin FTSE United Kingdom ETF in the second quarter worth about $25,000. Finally, Innealta Capital LLC increased its holdings in Franklin FTSE United Kingdom ETF by 0.6% during the 3rd quarter. Innealta Capital LLC now owns 145,576 shares of the company’s stock valued at $4,704,000 after purchasing an additional 923 shares during the period.

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.