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

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) shares saw unusually-high trading volume on Wednesday . Approximately 797,081 shares were traded during mid-day trading, an increase of 384% from the previous session’s volume of 164,631 shares.The stock last traded at $28.45 and had previously closed at $28.35.

Franklin FTSE United Kingdom ETF Trading Up 1.5 %

The stock has a market capitalization of $749.84 million, a price-to-earnings ratio of 17.90 and a beta of 0.84. The stock’s 50 day moving average is $27.59 and its two-hundred day moving average is $27.59.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

A number of large investors have recently modified their holdings of the business. Quantinno Capital Management LP boosted its stake in shares of Franklin FTSE United Kingdom ETF by 2.6% during the 4th quarter. Quantinno Capital Management LP now owns 42,639 shares of the company’s stock worth $1,117,000 after buying an additional 1,062 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Franklin FTSE United Kingdom ETF during the 4th quarter worth about $526,000. Bank of America Corp DE boosted its stake in shares of Franklin FTSE United Kingdom ETF by 2.5% during the 4th quarter. Bank of America Corp DE now owns 10,568,128 shares of the company’s stock worth $276,779,000 after buying an additional 255,570 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Franklin FTSE United Kingdom ETF by 2,482.0% in the 4th quarter. Ameriprise Financial Inc. now owns 442,582 shares of the company’s stock valued at $11,591,000 after purchasing an additional 425,441 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Franklin FTSE United Kingdom ETF in the 4th quarter valued at about $7,846,000.

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.