Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sets New 12-Month High – Should You Buy?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) hit a new 52-week high during trading on Thursday . The company traded as high as $35.88 and last traded at $35.3950, with a volume of 8550 shares trading hands. The stock had previously closed at $35.44.

Franklin FTSE United Kingdom ETF Stock Performance

The firm has a market capitalization of $982.93 million, a P/E ratio of 15.48 and a beta of 0.75. The stock has a 50 day moving average of $33.76 and a 200-day moving average of $32.61.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

Several hedge funds have recently made changes to their positions in FLGB. Geneos Wealth Management Inc. purchased a new stake in shares of Franklin FTSE United Kingdom ETF in the second quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Franklin FTSE United Kingdom ETF in the 4th quarter worth approximately $43,000. Northwestern Mutual Wealth Management Co. lifted its stake in 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 worth $48,000 after purchasing an additional 686 shares in the last quarter. Triumph Capital Management purchased a new position in shares of Franklin FTSE United Kingdom ETF during the 3rd quarter valued at $110,000. Finally, Raymond James Financial Inc. bought a new stake in Franklin FTSE United Kingdom ETF during the second quarter valued at $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.