Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sets New 1-Year High – Here’s What Happened

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $37.38 and last traded at $37.38, with a volume of 135671 shares changing hands. The stock had previously closed at $36.70.

Franklin FTSE United Kingdom ETF Trading Down 0.6%

The company has a market cap of $910.27 million, a PE ratio of 15.48 and a beta of 0.64. The firm’s 50-day simple moving average is $35.85 and its two-hundred day simple moving average is $35.65.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLGB. Bank of America Corp DE lifted its position in Franklin FTSE United Kingdom ETF by 4.3% during the 3rd quarter. Bank of America Corp DE now owns 10,517,848 shares of the company’s stock worth $339,832,000 after acquiring an additional 435,145 shares during the period. Franklin Resources Inc. raised its stake in shares of Franklin FTSE United Kingdom ETF by 625,000.0% in the third quarter. Franklin Resources Inc. now owns 1,200,192 shares of the company’s stock worth $38,778,000 after purchasing an additional 1,200,000 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in shares of Franklin FTSE United Kingdom ETF by 2.5% in the first quarter. GHP Investment Advisors Inc. now owns 800,187 shares of the company’s stock worth $27,815,000 after purchasing an additional 19,845 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Franklin FTSE United Kingdom ETF by 1.7% during the fourth quarter. LPL Financial LLC now owns 392,481 shares of the company’s stock worth $13,246,000 after purchasing an additional 6,726 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Franklin FTSE United Kingdom ETF by 2.3% during the third quarter. UBS Group AG now owns 340,322 shares of the company’s stock worth $10,996,000 after purchasing an additional 7,758 shares during the period.

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.