Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Strong Trading Volume – What’s Next?

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) shares saw unusually-strong trading volume on Wednesday . Approximately 172,472 shares were traded during trading, a decline of 27% from the previous session’s volume of 237,427 shares.The stock last traded at $26.11 and had previously closed at $25.74.

Franklin FTSE United Kingdom ETF Price Performance

The company has a market capitalization of $712.56 million, a PE ratio of 13.37 and a beta of 0.73. The stock has a 50-day simple moving average of $26.82 and a 200 day simple moving average of $27.34.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

Several institutional investors and hedge funds have recently made changes to their positions in FLGB. Wilmington Savings Fund Society FSB purchased a new position in Franklin FTSE United Kingdom ETF during the 3rd quarter valued at about $257,000. EP Wealth Advisors LLC acquired a new stake in Franklin FTSE United Kingdom ETF during the 3rd quarter valued at $6,015,000. Quantinno Capital Management LP increased its position in Franklin FTSE United Kingdom ETF by 39.2% during the third quarter. Quantinno Capital Management LP now owns 41,577 shares of the company’s stock worth $1,187,000 after buying an additional 11,698 shares in the last quarter. Transamerica Financial Advisors Inc. raised its holdings in shares of Franklin FTSE United Kingdom ETF by 5.1% in the third quarter. Transamerica Financial Advisors Inc. now owns 15,731 shares of the company’s stock worth $450,000 after acquiring an additional 765 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Franklin FTSE United Kingdom ETF by 13.1% in the third quarter. Thrivent Financial for Lutherans now owns 31,219 shares of the company’s stock valued at $891,000 after acquiring an additional 3,604 shares in the last quarter.

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.