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

Shares of Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw unusually-strong trading volume on Wednesday . Approximately 797,081 shares changed hands during trading, an increase of 384% from the previous session’s volume of 164,631 shares.The stock last traded at $28.45 and had previously closed at $28.35.

Franklin FTSE United Kingdom ETF Stock Up 0.4 %

The stock has a market cap of $739.96 million, a price-to-earnings ratio of 17.90 and a beta of 0.84. The business’s 50 day simple moving average is $27.49 and its 200 day simple moving average is $27.57.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FLGB. Quantinno Capital Management LP lifted its holdings in Franklin FTSE United Kingdom ETF by 2.6% during the 4th quarter. Quantinno Capital Management LP now owns 42,639 shares of the company’s stock valued at $1,117,000 after purchasing an additional 1,062 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Franklin FTSE United Kingdom ETF during the 4th quarter worth about $526,000. Bank of America Corp DE boosted its holdings in shares of Franklin FTSE United Kingdom ETF by 2.5% during the 4th quarter. Bank of America Corp DE now owns 10,568,128 shares of the company’s stock worth $276,779,000 after buying an additional 255,570 shares during the period. Ameriprise Financial Inc. grew its stake in Franklin FTSE United Kingdom ETF by 2,482.0% in the 4th quarter. Ameriprise Financial Inc. now owns 442,582 shares of the company’s stock valued at $11,591,000 after buying an additional 425,441 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Franklin FTSE United Kingdom ETF in the 4th quarter valued at about $7,846,000.

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.