Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Reaches New 52-Week High – What’s Next?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB)’s stock price hit 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 Stock Up 0.8%

The stock has a market capitalization of $995.82 million, a PE ratio of 15.48 and a beta of 0.75. The stock’s 50 day moving average price is $34.03 and its 200-day moving average price is $32.76.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

Several large investors have recently made changes to their positions in the business. Tradewinds Capital Management LLC bought a new stake in Franklin FTSE United Kingdom ETF during the 2nd quarter valued at approximately $19,153,000. Swmg LLC grew its holdings in Franklin FTSE United Kingdom ETF by 35.3% during the 2nd quarter. Swmg LLC now owns 9,954 shares of the company’s stock valued at $307,000 after buying an additional 2,598 shares in the last quarter. Wealthfront Advisers LLC raised its position in shares of Franklin FTSE United Kingdom ETF by 13.3% during the second quarter. Wealthfront Advisers LLC now owns 11,345 shares of the company’s stock valued at $347,000 after buying an additional 1,332 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Franklin FTSE United Kingdom ETF by 3.0% in the second quarter. Envestnet Asset Management Inc. now owns 264,561 shares of the company’s stock worth $8,103,000 after buying an additional 7,735 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Franklin FTSE United Kingdom ETF by 197.1% during the second quarter. Assetmark Inc. now owns 296,611 shares of the company’s stock worth $9,085,000 after acquiring an additional 196,762 shares during the last quarter.

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.