Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Unusually-High Trading Volume – What’s Next?

by · The Markets Daily

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB – Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 791,208 shares changed hands during mid-day trading, an increase of 378% from the previous session’s volume of 165,557 shares.The stock last traded at $37.03 and had previously closed at $37.23.

Franklin FTSE United Kingdom ETF Price Performance

The stock has a market cap of $905.14 million, a P/E ratio of 15.48 and a beta of 0.64. The company’s 50 day simple moving average is $35.85 and its 200 day simple moving average is $35.66.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of Franklin FTSE United Kingdom ETF by 79.1% in 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 during the period. Hsbc Holdings PLC acquired a new position in shares of Franklin FTSE United Kingdom ETF during the second quarter worth about $327,000. Flow Traders U.S. LLC bought a new position in shares of Franklin FTSE United Kingdom ETF during the second quarter worth about $308,000. Quantinno Capital Management LP raised its position in Franklin FTSE United Kingdom ETF by 11.5% in the 2nd quarter. Quantinno Capital Management LP now owns 52,984 shares of the company’s stock valued at $1,623,000 after buying an additional 5,472 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Franklin FTSE United Kingdom ETF in the 2nd quarter valued at approximately $144,000.

Franklin FTSE United Kingdom ETF Company Profile

(Get Free Report)

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.

Featured Articles