Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Reaches New 12-Month High – What’s Next?

Shares of Franklin FTSE United Kingdom ETF (NYSEARCA:FLGBGet Free Report) reached a new 52-week high on Wednesday . The company traded as high as $33.74 and last traded at $33.7860, with a volume of 11939 shares. The stock had previously closed at $33.44.

Franklin FTSE United Kingdom ETF Trading Up 0.5%

The company has a market cap of $946.13 million, a price-to-earnings ratio of 15.48 and a beta of 0.75. The company has a fifty day moving average price of $32.81 and a two-hundred day moving average price of $31.87.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Franklin FTSE United Kingdom ETF by 86,600.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 867 shares of the company’s stock worth $25,000 after purchasing an additional 866 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in Franklin FTSE United Kingdom ETF during the 2nd quarter worth about $25,000. Triumph Capital Management bought a new stake in Franklin FTSE United Kingdom ETF during the 3rd quarter worth about $110,000. Bell Investment Advisors Inc increased its position in Franklin FTSE United Kingdom ETF by 13.3% in the 1st quarter. Bell Investment Advisors Inc now owns 4,557 shares of the company’s stock valued at $131,000 after acquiring an additional 536 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Franklin FTSE United Kingdom ETF in the second quarter worth about $144,000.

Franklin FTSE United Kingdom ETF Company Profile

(Get Free Report)

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.

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