Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sets New 12-Month High – Here’s What Happened

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB)’s stock price hit a new 52-week high during trading on Thursday . The stock 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 company’s 50 day simple moving average is $33.90 and its 200-day simple moving average is $32.66. The firm has a market capitalization of $979.75 million, a PE ratio of 15.48 and a beta of 0.75.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLGB. Meridian Investment Counsel Inc. raised its holdings in shares of Franklin FTSE United Kingdom ETF by 0.9% in the 3rd quarter. Meridian Investment Counsel Inc. now owns 66,925 shares of the company’s stock valued at $2,162,000 after acquiring an additional 600 shares in the last quarter. Bell Investment Advisors Inc lifted its position in Franklin FTSE United Kingdom ETF by 14.0% during the second quarter. Bell Investment Advisors Inc now owns 5,197 shares of the company’s stock valued at $159,000 after purchasing an additional 640 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew 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 buying an additional 686 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Franklin FTSE United Kingdom ETF in the 2nd quarter worth $25,000. Finally, Innealta Capital LLC lifted its holdings in shares of Franklin FTSE United Kingdom ETF by 0.6% during the 3rd quarter. Innealta Capital LLC now owns 145,576 shares of the company’s stock worth $4,704,000 after acquiring an additional 923 shares during 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.