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

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) gapped down prior to trading on Wednesday . The stock had previously closed at $66.08, but opened at $62.15. Franklin FTSE South Korea ETF shares last traded at $62.97, with a volume of 309,102 shares.

Franklin FTSE South Korea ETF Trading Down 6.4%

The company has a 50 day simple moving average of $60.70 and a two-hundred day simple moving average of $47.00. The firm has a market capitalization of $915.68 million, a P/E ratio of 10.49 and a beta of 1.46.

Institutional Trading of Franklin FTSE South Korea ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Franklin FTSE South Korea ETF during the second quarter valued at approximately $4,140,000. Empowered Funds LLC purchased a new position in shares of Franklin FTSE South Korea ETF in the fourth quarter valued at $5,104,000. Goldman Sachs Group Inc. increased its position in Franklin FTSE South Korea ETF by 492.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 178,923 shares of the company’s stock worth $5,734,000 after purchasing an additional 148,714 shares during the last quarter. Vident Advisory LLC grew its stake in shares of Franklin FTSE South Korea ETF by 1,154.9% in the 4th quarter. Vident Advisory LLC now owns 108,363 shares of the company’s stock worth $3,473,000 after buying an additional 99,728 shares in the last quarter. Finally, Bank of Nova Scotia bought a new stake in shares of Franklin FTSE South Korea ETF in the 3rd quarter worth about $2,622,000.

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.