Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Strong Trading Volume – Here’s What Happened

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) shares saw unusually-high trading volume on Monday . 791,208 shares were traded during mid-day trading, an increase of 378% from the previous session’s volume of 165,557 shares.The stock last traded at $37.03 and had previously closed at $37.23.

Franklin FTSE United Kingdom ETF Stock Down 0.6%

The firm has a market cap of $905.14 million, a price-to-earnings ratio of 15.48 and a beta of 0.64. The company’s fifty day moving average is $35.85 and its 200 day moving average is $35.66.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in Franklin FTSE United Kingdom ETF by 4.3% during the third 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 in the last quarter. Franklin Resources Inc. grew its stake in 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 valued at $38,778,000 after purchasing an additional 1,200,000 shares in the last quarter. GHP Investment Advisors Inc. increased its position in shares of Franklin FTSE United Kingdom ETF by 2.5% during the 1st 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 increased its position in shares of Franklin FTSE United Kingdom ETF by 1.7% during the 4th 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 last quarter. Finally, UBS Group AG raised its stake in shares of Franklin FTSE United Kingdom ETF by 2.3% during the 3rd 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 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.