Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Hits New 1-Year High – Should You Buy?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $37.61 and last traded at $37.61, with a volume of 914483 shares changing hands. The stock had previously closed at $37.20.

Franklin FTSE United Kingdom ETF Trading Up 1.0%

The firm has a market capitalization of $905.20 million, a price-to-earnings ratio of 15.48 and a beta of 0.64. The stock’s 50-day moving average is $35.94 and its 200-day moving average is $35.73.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. acquired a new position in shares of Franklin FTSE United Kingdom ETF in the 2nd quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Franklin FTSE United Kingdom ETF by 79.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,553 shares of the company’s stock valued at $48,000 after purchasing an additional 686 shares in the last quarter. Triumph Capital Management acquired a new stake in Franklin FTSE United Kingdom ETF during the third quarter worth approximately $110,000. Bayban acquired a new stake in Franklin FTSE United Kingdom ETF during the fourth quarter worth approximately $150,000. Finally, Raymond James Financial Inc. acquired a new stake in Franklin FTSE United Kingdom ETF during the second quarter worth approximately $144,000.

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.