Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Shares Gap Down to $27.35

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) shares gapped down prior to trading on Friday . The stock had previously closed at $27.35, but opened at $26.47. Franklin FTSE United Kingdom ETF shares last traded at $26.49, with a volume of 66,781 shares trading hands.

Franklin FTSE United Kingdom ETF Stock Performance

The stock’s 50-day moving average is $26.99 and its 200 day moving average is $25.78. The firm has a market cap of $714.18 million, a P/E ratio of 13.37 and a beta of 0.73.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

Large investors have recently added to or reduced their stakes in the company. Proquility Private Wealth Partners LLC increased its holdings in Franklin FTSE United Kingdom ETF by 985.7% during the 4th quarter. Proquility Private Wealth Partners LLC now owns 271,670 shares of the company’s stock worth $6,831,000 after purchasing an additional 246,648 shares in the last quarter. PGIM Custom Harvest LLC increased its holdings in Franklin FTSE United Kingdom ETF by 15.5% during the 3rd quarter. PGIM Custom Harvest LLC now owns 200,019 shares of the company’s stock worth $4,783,000 after purchasing an additional 26,844 shares in the last quarter. CX Institutional bought a new position in Franklin FTSE United Kingdom ETF during the 4th quarter worth about $13,357,000. Laffer Tengler Investments Inc. increased its holdings in Franklin FTSE United Kingdom ETF by 19.1% during the 4th quarter. Laffer Tengler Investments Inc. now owns 7,328 shares of the company’s stock worth $184,000 after purchasing an additional 1,177 shares in the last quarter. Finally, Innealta Capital LLC increased its holdings in Franklin FTSE United Kingdom ETF by 96.4% during the 1st quarter. Innealta Capital LLC now owns 261,128 shares of the company’s stock worth $6,823,000 after purchasing an additional 128,175 shares in the last quarter.

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.