Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Stock Price Up 0.2% – Should You Buy?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB)’s share price traded up 0.2% during mid-day trading on Monday. The stock traded as high as $36.91 and last traded at $36.72. Approximately 30,548 shares traded hands during trading, a decline of 80% from the average daily volume of 155,346 shares. The stock had previously closed at $36.64.

Franklin FTSE United Kingdom ETF Price Performance

The firm has a 50 day simple moving average of $36.66 and a 200-day simple moving average of $35.96. The company has a market cap of $864.76 million, a price-to-earnings ratio of 15.48 and a beta of 0.64.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

A number of hedge funds have recently made changes to their positions in FLGB. Sanctuary Advisors LLC boosted its stake in shares of Franklin FTSE United Kingdom ETF by 10.0% in the first quarter. Sanctuary Advisors LLC now owns 6,741 shares of the company’s stock valued at $234,000 after purchasing an additional 611 shares during the period. United Asset Strategies Inc. purchased a new position in Franklin FTSE United Kingdom ETF in the first quarter worth approximately $267,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Franklin FTSE United Kingdom ETF during the first quarter worth $326,000. Hsbc Holdings PLC boosted its position in shares of Franklin FTSE United Kingdom ETF by 72.0% during the 1st quarter. Hsbc Holdings PLC now owns 12,325 shares of the company’s stock worth $428,000 after acquiring an additional 5,160 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC lifted its stake in Franklin FTSE United Kingdom ETF by 8.9% during the first quarter. Dynamic Wealth Strategies LLC now owns 12,363 shares of the company’s stock worth $430,000 after purchasing an additional 1,008 shares during the last quarter.

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.