Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sets New 12-Month High – Still a Buy?

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

Franklin FTSE United Kingdom ETF Trading Down 0.1%

The company has a market cap of $1.01 billion, a P/E ratio of 15.48 and a beta of 0.75. The firm has a 50 day moving average of $34.80 and a 200-day moving average of $33.22.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Swmg LLC grew its stake in Franklin FTSE United Kingdom ETF by 3.2% during the fourth quarter. Swmg LLC now owns 11,462 shares of the company’s stock valued at $411,000 after acquiring an additional 356 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Franklin FTSE United Kingdom ETF by 31.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,178 shares of the company’s stock worth $74,000 after purchasing an additional 523 shares in the last quarter. Meridian Investment Counsel Inc. boosted its holdings in shares of Franklin FTSE United Kingdom ETF by 0.9% during the 3rd 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 last quarter. Bell Investment Advisors Inc boosted its holdings in shares of Franklin FTSE United Kingdom ETF by 14.0% during 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 during the second quarter valued at about $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.