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

by · The Cerbat Gem

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB – Get Free Report) shares 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 Trading Up 0.5 %

The stock has a market capitalization of $750.02 million, a P/E ratio of 13.37 and a beta of 0.73. The company has a fifty day simple moving average of $28.11 and a two-hundred day simple moving average of $27.30.

Institutional Trading of Franklin FTSE United Kingdom ETF

A number of institutional investors have recently bought and sold shares of FLGB. Bell Investment Advisors Inc raised its position in shares of 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 acquiring an additional 626 shares during the period. CWM LLC bought a new stake in shares of Franklin FTSE United Kingdom ETF in the second quarter worth about $43,000. Congress Wealth Management LLC DE raised its position in shares of Franklin FTSE United Kingdom ETF by 0.3% during the first 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 period. Eagle Bay Advisors LLC bought a new position in shares of Franklin FTSE United Kingdom ETF during the 1st quarter valued at about $97,000. Finally, WealthShield Partners LLC acquired a new position in shares of Franklin FTSE United Kingdom ETF in the 2nd quarter valued at approximately $106,000.

About Franklin FTSE United Kingdom ETF

(Get Free Report)

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.

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