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

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw strong trading volume on Thursday . 155,936 shares were traded during trading, an increase of 30% from the previous session’s volume of 120,002 shares.The stock last traded at $26.54 and had previously closed at $27.04.

Franklin FTSE United Kingdom ETF Stock Up 2.9 %

The business has a 50-day simple moving average of $28.16 and a 200-day simple moving average of $27.55. The company has a market cap of $692.91 million, a PE ratio of 16.57 and a beta of 0.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FLGB. Choreo LLC raised its position in Franklin FTSE United Kingdom ETF by 4.7% during the fourth quarter. Choreo LLC now owns 9,673 shares of the company’s stock worth $253,000 after acquiring an additional 432 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Franklin FTSE United Kingdom ETF by 443.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 169,516 shares of the company’s stock worth $4,470,000 after purchasing an additional 138,297 shares in the last quarter. Transamerica Financial Advisors Inc. raised its position in shares of Franklin FTSE United Kingdom ETF by 2.8% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 16,175 shares of the company’s stock worth $424,000 after purchasing an additional 444 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Franklin FTSE United Kingdom ETF by 4.5% during the 4th quarter. Farther Finance Advisors LLC now owns 9,374 shares of the company’s stock worth $245,000 after purchasing an additional 401 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in Franklin FTSE United Kingdom ETF by 4.3% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 9,390 shares of the company’s stock valued at $246,000 after buying an additional 384 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.