Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw strong trading volume on Monday . Approximately 476,800 shares were traded during trading, an increase of 170% from the previous session’s volume of 176,461 shares.The stock last traded at $37.81 and had previously closed at $37.70.

Franklin FTSE United Kingdom ETF Trading Up 0.3%

The stock’s 50-day moving average is $36.31 and its 200-day moving average is $35.90. The firm has a market capitalization of $911.22 million, a price-to-earnings ratio of 15.48 and a beta of 0.64.

Institutional Trading of Franklin FTSE United Kingdom ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FLGB. Northwestern Mutual Wealth Management Co. lifted its stake 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 acquiring an additional 686 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Franklin FTSE United Kingdom ETF during the 2nd quarter worth $327,000. Flow Traders U.S. LLC bought a new stake in Franklin FTSE United Kingdom ETF during the 2nd quarter worth $308,000. Quantinno Capital Management LP increased its holdings in Franklin FTSE United Kingdom ETF by 11.5% in the 2nd quarter. Quantinno Capital Management LP now owns 52,984 shares of the company’s stock worth $1,623,000 after purchasing an additional 5,472 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Franklin FTSE United Kingdom ETF in the 2nd quarter worth about $144,000.

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.