Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Hits New 52-Week High – Still a Buy?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) hit a new 52-week high during trading on Tuesday . The stock traded as high as $36.28 and last traded at $36.2650, with a volume of 70950 shares traded. The stock had previously closed at $36.07.

Franklin FTSE United Kingdom ETF Trading Down 0.2%

The stock has a market capitalization of $1.01 billion, a P/E ratio of 15.48 and a beta of 0.75. The business’s fifty day simple moving average is $34.73 and its two-hundred day simple moving average is $33.15.

Institutional Trading of Franklin FTSE United Kingdom ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. bought a new position in Franklin FTSE United Kingdom ETF during the second quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Franklin FTSE United Kingdom ETF in the 4th quarter worth approximately $43,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Franklin FTSE United Kingdom ETF by 79.1% during the 2nd 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 during the period. Triumph Capital Management bought a new position in shares of Franklin FTSE United Kingdom ETF during the 3rd quarter worth approximately $110,000. Finally, Raymond James Financial Inc. acquired a new stake in Franklin FTSE United Kingdom ETF in the 2nd quarter valued at $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.