Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Shares Gap Down – What’s Next?

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) gapped down before the market opened on Tuesday . The stock had previously closed at $72.25, but opened at $63.77. Franklin FTSE South Korea ETF shares last traded at $65.02, with a volume of 252,161 shares changing hands.

Franklin FTSE South Korea ETF Stock Down 10.4%

The stock has a 50-day simple moving average of $58.55 and a 200-day simple moving average of $45.58. The firm has a market capitalization of $957.56 million, a PE ratio of 10.49 and a beta of 1.46.

Institutional Investors Weigh In On Franklin FTSE South Korea ETF

Several large investors have recently added to or reduced their stakes in the company. Ieq Capital LLC lifted its holdings in Franklin FTSE South Korea ETF by 3.7% during the fourth quarter. Ieq Capital LLC now owns 11,817 shares of the company’s stock valued at $379,000 after purchasing an additional 427 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of 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 in the last quarter. LPL Financial LLC increased its stake in shares of Franklin FTSE South Korea ETF by 14.2% in the fourth quarter. LPL Financial LLC now owns 12,575 shares of the company’s stock worth $403,000 after purchasing an additional 1,560 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of Franklin FTSE South Korea ETF by 38.7% in the fourth quarter. Osaic Holdings Inc. now owns 17,359 shares of the company’s stock valued at $556,000 after purchasing an additional 4,848 shares during the period. Finally, Fiduciary Financial Group LLC bought a new stake in shares of Franklin FTSE South Korea ETF in the fourth quarter valued at approximately $204,000.

About Franklin FTSE South Korea ETF

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.