Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Hits New 52-Week High – Should You Buy?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB)’s share price reached a new 52-week high on Monday . The company traded as high as $29.09 and last traded at $29.07, with a volume of 6213 shares trading hands. The stock had previously closed at $28.58.

Franklin FTSE United Kingdom ETF Stock Up 1.0 %

The stock has a fifty day moving average of $27.25 and a two-hundred day moving average of $27.55. The stock has a market cap of $758.42 million, a price-to-earnings ratio of 17.90 and a beta of 0.84.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

A number of large investors have recently made changes to their positions in FLGB. US Bancorp DE grew its position in Franklin FTSE United Kingdom ETF by 420.5% during the third quarter. US Bancorp DE now owns 1,041 shares of the company’s stock worth $30,000 after buying an additional 841 shares during the period. Choreo LLC grew its holdings in shares of Franklin FTSE United Kingdom ETF by 4.7% in the 4th quarter. Choreo LLC now owns 9,673 shares of the company’s stock worth $253,000 after acquiring an additional 432 shares during the period. Transamerica Financial Advisors Inc. increased its stake in Franklin FTSE United Kingdom ETF by 5.1% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 15,731 shares of the company’s stock valued at $450,000 after purchasing an additional 765 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Franklin FTSE United Kingdom ETF by 4.3% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 9,390 shares of the company’s stock worth $246,000 after purchasing an additional 384 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in Franklin FTSE United Kingdom ETF during the third quarter worth $100,000.

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.