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

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $35.25 and last traded at $34.4850, with a volume of 250 shares traded. The stock had previously closed at $34.54.

Franklin FTSE United Kingdom ETF Stock Performance

The company has a market capitalization of $1.01 billion, a P/E ratio of 15.48 and a beta of 0.75. The business has a 50 day moving average of $33.28 and a 200-day moving average of $32.27.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

Several hedge funds have recently bought and sold shares of FLGB. Geneos Wealth Management Inc. bought a new position in Franklin FTSE United Kingdom ETF in the 2nd quarter valued at $25,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Franklin FTSE United Kingdom ETF by 79.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,553 shares of the company’s stock worth $48,000 after buying an additional 686 shares in the last quarter. Triumph Capital Management bought a new stake in Franklin FTSE United Kingdom ETF during the third quarter valued at $110,000. Raymond James Financial Inc. bought a new stake in Franklin FTSE United Kingdom ETF during the second quarter valued at $144,000. Finally, Bell Investment Advisors Inc grew its position in Franklin FTSE United Kingdom ETF by 14.0% during the second quarter. Bell Investment Advisors Inc now owns 5,197 shares of the company’s stock worth $159,000 after buying an additional 640 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.