Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Unusually-High Trading Volume – What’s Next?

Shares of Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw unusually-strong trading volume on Friday . Approximately 547,821 shares changed hands during trading, an increase of 362% from the previous session’s volume of 118,519 shares.The stock last traded at $27.65 and had previously closed at $27.46.

Franklin FTSE United Kingdom ETF Trading Up 0.7 %

The stock has a market capitalization of $745.17 million, a P/E ratio of 13.37 and a beta of 0.73. The firm’s fifty day moving average is $27.69 and its 200-day moving average is $27.47.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Franklin FTSE United Kingdom ETF during the 3rd quarter worth approximately $257,000. EP Wealth Advisors LLC acquired a new stake in shares of Franklin FTSE United Kingdom ETF during the 3rd quarter worth approximately $6,015,000. Quantinno Capital Management LP grew its position in shares of Franklin FTSE United Kingdom ETF by 39.2% during the 3rd quarter. Quantinno Capital Management LP now owns 41,577 shares of the company’s stock worth $1,187,000 after buying an additional 11,698 shares during the period. Transamerica Financial Advisors Inc. grew its position in shares of Franklin FTSE United Kingdom ETF by 5.1% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 15,731 shares of the company’s stock worth $450,000 after buying an additional 765 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in Franklin FTSE United Kingdom ETF by 13.1% during the third quarter. Thrivent Financial for Lutherans now owns 31,219 shares of the company’s stock valued at $891,000 after purchasing an additional 3,604 shares during the period.

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.