Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Reaches New 1-Year High – Should You Buy?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $31.04 and last traded at $31.02, with a volume of 23764 shares trading hands. The stock had previously closed at $31.03.

Franklin FTSE United Kingdom ETF Trading Up 0.1%

The firm has a market capitalization of $805.88 million, a PE ratio of 18.26 and a beta of 0.75. The business has a fifty day moving average price of $29.05 and a two-hundred day moving average price of $28.10.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

Large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its position in 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 in the last quarter. AlphaCore Capital LLC acquired a new stake in Franklin FTSE United Kingdom ETF during the first quarter valued at approximately $33,000. Huntington National Bank lifted its holdings in Franklin FTSE United Kingdom ETF by 141.7% during the 4th quarter. Huntington National Bank now owns 1,578 shares of the company’s stock worth $41,000 after buying an additional 925 shares during the last quarter. Bell Investment Advisors Inc boosted its holdings in Franklin FTSE United Kingdom ETF by 13.3% in the first quarter. Bell Investment Advisors Inc now owns 4,557 shares of the company’s stock worth $131,000 after purchasing an additional 536 shares during the period. Finally, Ackerman Asset Management LLC bought a new stake in Franklin FTSE United Kingdom ETF during the first quarter valued at $223,000.

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.