Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Large Volume Increase – Here’s Why

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) shares saw unusually-high trading volume on Friday . Approximately 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 Stock Up 0.7 %

The stock has a market capitalization of $738.97 million, a PE ratio of 13.37 and a beta of 0.73. The company has a 50-day moving average of $28.10 and a 200 day moving average of $27.36.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

Institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE boosted its holdings in shares of Franklin FTSE United Kingdom ETF by 420.5% in the 3rd quarter. US Bancorp DE now owns 1,041 shares of the company’s stock valued at $30,000 after buying an additional 841 shares in the last quarter. CWM LLC acquired a new stake in shares of Franklin FTSE United Kingdom ETF during the second quarter worth $43,000. Bell Investment Advisors Inc grew its position in Franklin FTSE United Kingdom ETF by 20.5% in the 2nd quarter. Bell Investment Advisors Inc now owns 3,674 shares of the company’s stock valued at $97,000 after buying an additional 626 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in Franklin FTSE United Kingdom ETF in the 1st quarter valued at $97,000. Finally, WealthShield Partners LLC purchased a new position in Franklin FTSE United Kingdom ETF during the 2nd quarter worth $106,000.

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.