Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Large Volume Increase – Should You Buy?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw strong trading volume on Friday . 343,872 shares were traded during mid-day trading, an increase of 208% from the previous session’s volume of 111,790 shares.The stock last traded at $27.41 and had previously closed at $27.22.

Franklin FTSE United Kingdom ETF Price Performance

The firm’s 50 day moving average price is $28.10 and its 200-day moving average price is $27.36. The stock has a market cap of $738.97 million, a P/E ratio of 13.37 and a beta of 0.73.

Institutional Trading of Franklin FTSE United Kingdom ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. purchased a new position in Franklin FTSE United Kingdom ETF in the 2nd quarter worth about $1,708,000. CWM LLC purchased a new position in shares of Franklin FTSE United Kingdom ETF during the 2nd quarter valued at $43,000. Vontobel Holding Ltd. increased its stake in Franklin FTSE United Kingdom ETF by 13.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 116,700 shares of the company’s stock worth $3,332,000 after buying an additional 13,400 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in Franklin FTSE United Kingdom ETF during the 1st quarter valued at approximately $97,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Franklin FTSE United Kingdom ETF during the second quarter worth $309,000.

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.