Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Shares Gap Down – Should You Sell?

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) gapped down prior to trading on Monday. The stock had previously closed at $26.78, but opened at $19.91. Franklin FTSE Brazil ETF shares last traded at $20.6050, with a volume of 420,264 shares.

Franklin FTSE Brazil ETF Trading Down 21.3%

The company has a market cap of $560.86 million, a PE ratio of 9.04 and a beta of 0.57. The business has a fifty day moving average of $23.99 and a 200-day moving average of $23.25.

Hedge Funds Weigh In On Franklin FTSE Brazil ETF

Several hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC increased its stake in shares of Franklin FTSE Brazil ETF by 11.0% during the first quarter. Parallel Advisors LLC now owns 4,987 shares of the company’s stock valued at $119,000 after buying an additional 494 shares during the period. Armstrong Advisory Group Inc. lifted its position in Franklin FTSE Brazil ETF by 31.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 9,374 shares of the company’s stock valued at $219,000 after acquiring an additional 2,250 shares during the period. Boltwood Capital Management bought a new stake in shares of Franklin FTSE Brazil ETF in the 3rd quarter worth approximately $220,000. Citadel Advisors LLC purchased a new stake in shares of Franklin FTSE Brazil ETF in the second quarter worth $718,000. Finally, ES4 LLC increased its position in shares of Franklin FTSE Brazil ETF by 244.5% during the first quarter. ES4 LLC now owns 41,600 shares of the company’s stock valued at $994,000 after acquiring an additional 29,524 shares in the last quarter.

About Franklin FTSE Brazil ETF

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.