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

Shares of Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw unusually-strong trading volume on Thursday . Approximately 672,630 shares traded hands during mid-day trading, an increase of 504% from the previous session’s volume of 111,372 shares.The stock last traded at $27.66 and had previously closed at $27.70.

Franklin FTSE United Kingdom ETF Stock Down 0.6 %

The firm has a 50 day simple moving average of $28.11 and a 200-day simple moving average of $27.32. The stock has a market cap of $744.76 million, a P/E ratio of 13.37 and a beta of 0.73.

Institutional Trading of Franklin FTSE United Kingdom ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. GHP Investment Advisors Inc. grew its position in Franklin FTSE United Kingdom ETF by 12,439.7% during the third quarter. GHP Investment Advisors Inc. now owns 542,092 shares of the company’s stock worth $15,476,000 after buying an additional 537,769 shares in the last quarter. Columbus Macro LLC acquired a new stake in Franklin FTSE United Kingdom ETF during the third quarter worth approximately $479,000. Vontobel Holding Ltd. boosted its holdings in shares of 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 valued at $3,332,000 after purchasing an additional 13,400 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Franklin FTSE United Kingdom ETF in the 2nd quarter valued at $231,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Franklin FTSE United Kingdom ETF in the 2nd quarter valued at $726,000.

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.