Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Unusually-High Trading Volume – Time to Buy?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) shares saw unusually-high trading volume on Wednesday . Approximately 349,330 shares changed hands during trading, an increase of 216% from the previous session’s volume of 110,445 shares.The stock last traded at $27.88 and had previously closed at $27.85.

Franklin FTSE United Kingdom ETF Stock Performance

The stock has a market cap of $753.52 million, a price-to-earnings ratio of 13.37 and a beta of 0.73. The business’s 50 day moving average is $27.85 and its 200 day moving average is $27.16.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

A number of large investors have recently made changes to their positions in the business. CWM LLC purchased a new position in Franklin FTSE United Kingdom ETF during the second quarter valued at approximately $43,000. Bell Investment Advisors Inc grew its holdings in shares of Franklin FTSE United Kingdom ETF by 20.5% during the 2nd quarter. Bell Investment Advisors Inc now owns 3,674 shares of the company’s stock valued at $97,000 after acquiring an additional 626 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Franklin FTSE United Kingdom ETF in the first quarter worth $97,000. WealthShield Partners LLC purchased a new stake in shares of Franklin FTSE United Kingdom ETF during the second quarter worth $106,000. Finally, GHP Investment Advisors Inc. purchased a new stake in shares of Franklin FTSE United Kingdom ETF during the second quarter worth $114,000.

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.