Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Strong Trading Volume

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw an uptick in trading volume on Friday . 542,562 shares were traded during mid-day trading, an increase of 276% from the previous session’s volume of 144,419 shares.The stock last traded at $26.28 and had previously closed at $26.32.

Franklin FTSE United Kingdom ETF Stock Performance

The company’s fifty day moving average is $27.09 and its 200-day moving average is $25.85. The company has a market capitalization of $708.52 million, a PE ratio of 13.37 and a beta of 0.73.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

A number of institutional investors have recently added to or reduced their stakes in FLGB. Accordant Advisory Group Inc purchased a new stake in Franklin FTSE United Kingdom ETF during the 1st quarter valued at approximately $25,000. Orion Capital Management LLC purchased a new stake in Franklin FTSE United Kingdom ETF during the 3rd quarter valued at approximately $25,000. Eagle Bay Advisors LLC purchased a new stake in Franklin FTSE United Kingdom ETF during the 1st quarter valued at approximately $97,000. Laffer Tengler Investments Inc. boosted its position in shares of 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 valued at $184,000 after acquiring an additional 1,177 shares during the last quarter. Finally, Innealta Capital LLC boosted its position in shares of 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 valued at $6,823,000 after acquiring an additional 128,175 shares during 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.