Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Trading Down 0.3% – What’s Next?

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) was down 0.3% on Tuesday . The company traded as low as $21.49 and last traded at $21.56. 56,671 shares were traded during trading, a decline of 78% from the average session volume of 262,962 shares. The stock had previously closed at $21.62.

Franklin FTSE Brazil ETF Stock Performance

The company has a market capitalization of $527.08 million, a PE ratio of 9.04 and a beta of 0.62. The company has a 50 day moving average price of $22.49 and a 200 day moving average price of $22.54.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC bought a new stake in shares of Franklin FTSE Brazil ETF in the 4th quarter worth about $37,000. Parallel Advisors LLC grew its stake in Franklin FTSE Brazil ETF by 44.4% in the fourth quarter. Parallel Advisors LLC now owns 4,493 shares of the company’s stock worth $86,000 after purchasing an additional 1,382 shares in the last quarter. Sunpointe LLC bought a new stake in Franklin FTSE Brazil ETF in the fourth quarter valued at about $203,000. ES4 LLC bought a new stake in Franklin FTSE Brazil ETF in the fourth quarter valued at about $230,000. Finally, Osaic Holdings Inc. increased its holdings in Franklin FTSE Brazil ETF by 6.7% in the second quarter. Osaic Holdings Inc. now owns 18,659 shares of the company’s stock valued at $335,000 after buying an additional 1,174 shares during the last quarter.

Franklin FTSE Brazil ETF Company Profile

The Franklin FTSE Brazil ETF (FLBR) is an exchange-traded fund that is based on the FTSE Brazil RIC Capped index. The fund tracks a market cap-weighted index of Brazilian large- and mid-cap stocks. FLBR was launched on Nov 3, 2017 and is managed by Franklin Templeton.