Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Reaches New 12-Month High – Time to Buy?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $36.27 and last traded at $36.2450, with a volume of 49133 shares changing hands. The stock had previously closed at $35.83.

Franklin FTSE United Kingdom ETF Stock Up 1.0%

The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 15.48 and a beta of 0.75. The stock’s 50-day simple moving average is $34.31 and its 200 day simple moving average is $32.92.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. acquired a new stake in shares of Franklin FTSE United Kingdom ETF in the 2nd quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Franklin FTSE United Kingdom ETF during the fourth quarter worth about $43,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Franklin FTSE United Kingdom ETF by 79.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,553 shares of the company’s stock valued at $48,000 after purchasing an additional 686 shares during the period. Triumph Capital Management bought a new position in Franklin FTSE United Kingdom ETF in the third quarter valued at approximately $110,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Franklin FTSE United Kingdom ETF in the second quarter valued at approximately $144,000.

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.