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

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $37.38 and last traded at $37.38, with a volume of 135671 shares. The stock had previously closed at $36.70.

Franklin FTSE United Kingdom ETF Price Performance

The firm’s fifty day moving average price is $35.79 and its two-hundred day moving average price is $35.62. The stock has a market cap of $912.23 million, a price-to-earnings ratio of 15.48 and a beta of 0.64.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Swmg LLC boosted its holdings in Franklin FTSE United Kingdom ETF by 3.2% in the fourth quarter. Swmg LLC now owns 11,462 shares of the company’s stock worth $411,000 after acquiring 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% 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. Sanctuary Advisors LLC grew its position in Franklin FTSE United Kingdom ETF by 10.0% in the 1st quarter. Sanctuary Advisors LLC now owns 6,741 shares of the company’s stock valued at $234,000 after purchasing an additional 611 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Franklin FTSE United Kingdom ETF in the 2nd quarter valued at $25,000. Finally, Meridian Investment Counsel Inc. increased its stake in Franklin FTSE United Kingdom ETF by 1.3% during the 4th quarter. Meridian Investment Counsel Inc. now owns 67,775 shares of the company’s stock valued at $2,287,000 after purchasing an additional 850 shares in the last quarter.

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.