Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Franklin FTSE South Korea ETF (NYSEARCA:FLKR) saw an uptick in trading volume on Wednesday . 833,447 shares were traded during mid-day trading, an increase of 49% from the previous session’s volume of 558,255 shares.The stock last traded at $58.94 and had previously closed at $59.36.

Franklin FTSE South Korea ETF Trading Down 1.5%

The stock has a market cap of $865.36 million, a price-to-earnings ratio of 10.49 and a beta of 1.46. The company has a fifty day simple moving average of $53.93 and a 200-day simple moving average of $43.26.

Institutional Investors Weigh In On Franklin FTSE South Korea ETF

Several hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position in Franklin FTSE South Korea ETF by 50.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the company’s stock worth $73,000 after purchasing an additional 608 shares during the period. Cetera Investment Advisers bought a new position in shares of Franklin FTSE South Korea ETF during the first quarter valued at $382,000. Spartan Wealth Advisory Services LLC bought a new position in shares of Franklin FTSE South Korea ETF during the first quarter valued at $1,334,000. Wealthfront Advisers LLC bought a new position in shares of Franklin FTSE South Korea ETF during the first quarter valued at $723,000. Finally, Hsbc Holdings PLC bought a new position in shares of Franklin FTSE South Korea ETF during the fourth quarter valued at $722,000.

Franklin FTSE South Korea ETF Company Profile

The Franklin FTSE South Korea ETF (FLKR) is an exchange-traded fund that is based on the FTSE South Korea RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap South Korean companies. FLKR was launched on Nov 2, 2017 and is managed by Franklin Templeton.