Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Strong Trading Volume – Here’s Why

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) shares saw an uptick in trading volume on Wednesday . 349,330 shares changed hands during mid-day trading, an increase of 216% from the previous session’s volume of 110,445 shares.The stock last traded at $27.88 and had previously closed at $27.85.

Franklin FTSE United Kingdom ETF Stock Up 0.4 %

The firm has a 50-day moving average of $27.85 and a 200 day moving average of $27.16. The stock has a market capitalization of $753.52 million, a P/E ratio of 13.37 and a beta of 0.73.

Institutional Trading of Franklin FTSE United Kingdom ETF

Several institutional investors have recently made changes to their positions in the business. Congress Wealth Management LLC DE grew its position in Franklin FTSE United Kingdom ETF by 0.3% in the first quarter. Congress Wealth Management LLC DE now owns 905,276 shares of the company’s stock valued at $23,655,000 after acquiring an additional 2,659 shares during the period. Envestnet Asset Management Inc. grew its stake in Franklin FTSE United Kingdom ETF by 1,187.2% during the second quarter. Envestnet Asset Management Inc. now owns 320,215 shares of the company’s stock worth $8,418,000 after buying an additional 295,339 shares during the last quarter. Innealta Capital LLC increased its holdings in shares of Franklin FTSE United Kingdom ETF by 96.4% during the first quarter. Innealta Capital LLC now owns 261,128 shares of the company’s stock worth $6,823,000 after buying an additional 128,175 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Franklin FTSE United Kingdom ETF in the second quarter valued at approximately $1,708,000. Finally, Thrivent Financial for Lutherans bought a new position in shares of Franklin FTSE United Kingdom ETF in the second quarter valued at approximately $726,000.

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.