Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Unusually-High Trading Volume – Should You Buy?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw unusually-strong trading volume on Friday . Approximately 115,453 shares traded hands during mid-day trading, a decline of 34% from the previous session’s volume of 174,245 shares.The stock last traded at $26.26 and had previously closed at $26.14.

Franklin FTSE United Kingdom ETF Price Performance

The firm has a fifty day moving average of $27.07 and a 200 day moving average of $27.38. The stock has a market capitalization of $706.63 million, a price-to-earnings ratio of 13.37 and a beta of 0.73.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLGB. GHP Investment Advisors Inc. grew its position in shares of 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 valued at $15,476,000 after acquiring an additional 537,769 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Franklin FTSE United Kingdom ETF by 1,187.2% in the second quarter. Envestnet Asset Management Inc. now owns 320,215 shares of the company’s stock valued at $8,418,000 after buying an additional 295,339 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Franklin FTSE United Kingdom ETF during the 3rd quarter worth approximately $6,015,000. Vontobel Holding Ltd. lifted its position in shares of Franklin FTSE United Kingdom ETF by 13.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 116,700 shares of the company’s stock valued at $3,332,000 after buying an additional 13,400 shares in the last quarter. Finally, Meridian Investment Counsel Inc. grew its stake in Franklin FTSE United Kingdom ETF by 18.3% in the 3rd quarter. Meridian Investment Counsel Inc. now owns 47,100 shares of the company’s stock valued at $1,345,000 after acquiring an additional 7,300 shares during the period.

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.