Northwestern Mutual Wealth Management Co. Purchases 318,715 Shares of Franklin FTSE United Kingdom ETF $FLGB

Northwestern Mutual Wealth Management Co. grew its position in Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) by 19,257.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 320,370 shares of the company’s stock after buying an additional 318,715 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Franklin FTSE United Kingdom ETF were worth $10,980,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of Franklin FTSE United Kingdom ETF by 4.3% in the third quarter. Bank of America Corp DE now owns 10,517,848 shares of the company’s stock valued at $339,832,000 after acquiring an additional 435,145 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of 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 acquiring an additional 1,200,000 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in shares of Franklin FTSE United Kingdom ETF by 1.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 780,342 shares of the company’s stock valued at $26,337,000 after acquiring an additional 9,926 shares during the last quarter. UBS Group AG raised its stake in shares of Franklin FTSE United Kingdom ETF by 2.3% in the third quarter. UBS Group AG now owns 340,322 shares of the company’s stock valued at $10,996,000 after acquiring an additional 7,758 shares during the last quarter. Finally, PGIM Custom Harvest LLC raised its stake in shares of Franklin FTSE United Kingdom ETF by 3.1% in the third quarter. PGIM Custom Harvest LLC now owns 240,828 shares of the company’s stock valued at $7,781,000 after acquiring an additional 7,160 shares during the last quarter.

Franklin FTSE United Kingdom ETF Trading Up 0.4%

NYSEARCA:FLGB opened at $36.13 on Friday. Franklin FTSE United Kingdom ETF has a 1 year low of $29.76 and a 1 year high of $37.37. The firm has a 50 day moving average of $35.43 and a 200-day moving average of $34.73. The stock has a market capitalization of $856.28 million, a P/E ratio of 15.48 and a beta of 0.65.

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.