Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Strong Trading Volume – Should You Buy?

Shares of Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw unusually-strong trading volume on Friday . Approximately 115,453 shares changed hands during mid-day trading, a decline of 34% from the previous session’s volume of 174,245 shares.The stock last traded at $26.26 and had previously closed at $26.14.

Franklin FTSE United Kingdom ETF Trading Up 0.2 %

The business has a 50 day moving average of $27.10 and a two-hundred day moving average of $27.38. The firm has a market cap of $705.82 million, a P/E ratio of 13.37 and a beta of 0.73.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Franklin FTSE United Kingdom ETF during the 3rd quarter worth approximately $257,000. EP Wealth Advisors LLC bought a new stake in shares of Franklin FTSE United Kingdom ETF in the third quarter valued at approximately $6,015,000. Quantinno Capital Management LP grew its position in Franklin FTSE United Kingdom ETF by 39.2% during the third quarter. Quantinno Capital Management LP now owns 41,577 shares of the company’s stock worth $1,187,000 after buying an additional 11,698 shares in the last quarter. Transamerica Financial Advisors Inc. increased its stake in Franklin FTSE United Kingdom ETF by 5.1% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 15,731 shares of the company’s stock worth $450,000 after acquiring an additional 765 shares during the period. Finally, Thrivent Financial for Lutherans lifted its position in shares of Franklin FTSE United Kingdom ETF by 13.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 31,219 shares of the company’s stock valued at $891,000 after acquiring an additional 3,604 shares during the period.

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.