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

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw an uptick in trading volume on Wednesday . 161,153 shares traded hands during trading, an increase of 25% from the previous session’s volume of 128,983 shares.The stock last traded at $28.58 and had previously closed at $28.67.

Franklin FTSE United Kingdom ETF Trading Down 0.1 %

The company has a market cap of $716.13 million, a P/E ratio of 18.19 and a beta of 0.84. The business’s 50 day simple moving average is $28.26 and its 200 day simple moving average is $27.65.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

Hedge funds have recently made changes to their positions in the business. Huntington National Bank boosted its stake in Franklin FTSE United Kingdom ETF by 141.7% during the fourth quarter. Huntington National Bank now owns 1,578 shares of the company’s stock valued at $41,000 after buying an additional 925 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Franklin FTSE United Kingdom ETF by 4.5% during the 4th quarter. Farther Finance Advisors LLC now owns 9,374 shares of the company’s stock worth $245,000 after acquiring an additional 401 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of Franklin FTSE United Kingdom ETF by 4.3% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 9,390 shares of the company’s stock valued at $246,000 after acquiring an additional 384 shares during the last quarter. Choreo LLC grew its holdings in shares of Franklin FTSE United Kingdom ETF by 4.7% in the fourth quarter. Choreo LLC now owns 9,673 shares of the company’s stock valued at $253,000 after purchasing an additional 432 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. grew its holdings in shares of Franklin FTSE United Kingdom ETF by 2.8% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 16,175 shares of the company’s stock valued at $424,000 after purchasing an additional 444 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.