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

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw unusually-high trading volume on Wednesday . Approximately 797,081 shares changed hands during trading, an increase of 384% from the previous session’s volume of 164,631 shares.The stock last traded at $28.45 and had previously closed at $28.35.

Franklin FTSE United Kingdom ETF Price Performance

The company has a fifty day moving average of $27.59 and a 200-day moving average of $27.59. The firm has a market capitalization of $749.84 million, a PE ratio of 17.90 and a beta of 0.84.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

Institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its position in Franklin FTSE United Kingdom ETF by 2,482.0% during the fourth quarter. Ameriprise Financial Inc. now owns 442,582 shares of the company’s stock worth $11,591,000 after buying an additional 425,441 shares in the last quarter. Jane Street Group LLC acquired a new stake in Franklin FTSE United Kingdom ETF during the fourth quarter worth about $7,846,000. Bank of America Corp DE grew its position in Franklin FTSE United Kingdom ETF by 2.5% during the fourth quarter. Bank of America Corp DE now owns 10,568,128 shares of the company’s stock worth $276,779,000 after buying an additional 255,570 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in Franklin FTSE United Kingdom ETF during the third quarter worth about $6,015,000. Finally, GHP Investment Advisors Inc. grew its position in Franklin FTSE United Kingdom ETF by 33.6% during the fourth quarter. GHP Investment Advisors Inc. now owns 724,284 shares of the company’s stock worth $18,969,000 after buying an additional 182,192 shares in 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.