Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Reaches New 52-Week High – Here’s What Happened

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $37.61 and last traded at $37.61, with a volume of 914483 shares traded. The stock had previously closed at $37.20.

Franklin FTSE United Kingdom ETF Price Performance

The firm has a market capitalization of $905.20 million, a price-to-earnings ratio of 15.48 and a beta of 0.64. The business’s fifty day simple moving average is $35.94 and its 200 day simple moving average is $35.73.

Institutional Trading of Franklin FTSE United Kingdom ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Swmg LLC raised its holdings in shares of Franklin FTSE United Kingdom ETF by 3.2% in the 4th quarter. Swmg LLC now owns 11,462 shares of the company’s stock valued at $411,000 after acquiring an additional 356 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Franklin FTSE United Kingdom ETF by 31.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,178 shares of the company’s stock valued at $74,000 after acquiring an additional 523 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Franklin FTSE United Kingdom ETF by 10.0% during the first quarter. Sanctuary Advisors LLC now owns 6,741 shares of the company’s stock worth $234,000 after purchasing an additional 611 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Franklin FTSE United Kingdom ETF during the second quarter worth about $25,000. Finally, Dynamic Wealth Strategies LLC raised its stake in Franklin FTSE United Kingdom ETF by 8.9% in the first quarter. Dynamic Wealth Strategies LLC now owns 12,363 shares of the company’s stock valued at $430,000 after purchasing an additional 1,008 shares in the last quarter.

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.