Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Stock Price Breaks Below 50 Day Moving Average – Time to Sell?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) shares passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $36.58 and traded as low as $36.33. Franklin FTSE United Kingdom ETF shares last traded at $36.43, with a volume of 45,103 shares trading hands.

Franklin FTSE United Kingdom ETF Stock Performance

The company’s fifty day moving average price is $36.58 and its 200-day moving average price is $36.03. The stock has a market cap of $868.86 million, a P/E ratio of 15.48 and a beta of 0.64.

Institutional Trading of Franklin FTSE United Kingdom ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. raised its position in Franklin FTSE United Kingdom ETF by 2.2% in the 1st quarter. Assetmark Inc. now owns 292,796 shares of the company’s stock worth $10,178,000 after purchasing an additional 6,176 shares during the period. Morningstar Investment Management LLC purchased a new position in shares of Franklin FTSE United Kingdom ETF during the first quarter valued at approximately $7,507,000. MMA Asset Management LLC boosted its position in shares of Franklin FTSE United Kingdom ETF by 1.1% during the third quarter. MMA Asset Management LLC now owns 140,089 shares of the company’s stock valued at $5,022,000 after buying an additional 1,467 shares during the period. Innealta Capital LLC boosted its position in shares of Franklin FTSE United Kingdom ETF by 11.0% during the first quarter. Innealta Capital LLC now owns 101,402 shares of the company’s stock valued at $3,525,000 after buying an additional 10,087 shares during the period. Finally, Quantinno Capital Management LP grew its stake in shares of Franklin FTSE United Kingdom ETF by 29.8% during the first quarter. Quantinno Capital Management LP now owns 63,979 shares of the company’s stock valued at $2,224,000 after buying an additional 14,704 shares during 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.