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

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) shares saw an uptick in trading volume on Thursday . 672,630 shares changed 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 Performance

The stock has a fifty day simple moving average of $28.11 and a two-hundred day simple moving average of $27.32. The stock has a market cap of $744.76 million, a price-to-earnings ratio of 13.37 and a beta of 0.73.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Congress Wealth Management LLC DE raised its position in Franklin FTSE United Kingdom ETF by 0.3% during the 1st quarter. Congress Wealth Management LLC DE now owns 905,276 shares of the company’s stock worth $23,655,000 after purchasing an additional 2,659 shares during the last quarter. GHP Investment Advisors Inc. raised its position in Franklin FTSE United Kingdom ETF by 12,439.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 542,092 shares of the company’s stock worth $15,476,000 after purchasing an additional 537,769 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Franklin FTSE United Kingdom ETF by 1,187.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 320,215 shares of the company’s stock worth $8,418,000 after acquiring an additional 295,339 shares in the last quarter. Innealta Capital LLC raised its position in shares of Franklin FTSE United Kingdom ETF by 96.4% in the 1st quarter. Innealta Capital LLC now owns 261,128 shares of the company’s stock worth $6,823,000 after acquiring an additional 128,175 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its position 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 worth $3,332,000 after acquiring an additional 13,400 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.