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

Shares of Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $37.70 and last traded at $37.70, with a volume of 2058 shares trading hands. The stock had previously closed at $37.37.

Franklin FTSE United Kingdom ETF Trading Up 0.9%

The firm has a market capitalization of $908.57 million, a P/E ratio of 15.48 and a beta of 0.64. The firm has a 50 day moving average price of $36.27 and a 200-day moving average price of $35.89.

Institutional Trading of Franklin FTSE United Kingdom ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantinno Capital Management LP lifted its position in Franklin FTSE United Kingdom ETF by 29.8% in the first quarter. Quantinno Capital Management LP now owns 63,979 shares of the company’s stock worth $2,224,000 after buying an additional 14,704 shares during the last quarter. Morningstar Investment Management LLC bought a new position in Franklin FTSE United Kingdom ETF during the first quarter valued at $7,507,000. Dynamic Wealth Strategies LLC increased its position in Franklin FTSE United Kingdom ETF by 8.9% during the first quarter. Dynamic Wealth Strategies LLC now owns 12,363 shares of the company’s stock valued at $430,000 after acquiring an additional 1,008 shares during the last quarter. Assetmark Inc. raised its stake in shares of Franklin FTSE United Kingdom ETF by 2.2% in the first quarter. Assetmark Inc. now owns 292,796 shares of the company’s stock valued at $10,178,000 after acquiring an additional 6,176 shares during the period. Finally, Wealthfront Advisers LLC raised its stake in shares of Franklin FTSE United Kingdom ETF by 10.7% in the first quarter. Wealthfront Advisers LLC now owns 12,626 shares of the company’s stock valued at $439,000 after acquiring an additional 1,220 shares during the period.

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.