Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Sees Large Volume Increase – Still a Buy?

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) shares saw strong trading volume on Tuesday. 342,596 shares traded hands during trading, an increase of 37% from the average daily volume of 250,505 shares. The stock last traded at $21.54 and had previously closed at $21.44.

Franklin FTSE Brazil ETF Stock Up 1.0%

The company’s 50-day simple moving average is $23.95 and its 200 day simple moving average is $23.06. The stock has a market capitalization of $575.81 million, a price-to-earnings ratio of 9.04 and a beta of 0.57.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Morningstar Investment Management LLC boosted its position in Franklin FTSE Brazil ETF by 42.5% during the first quarter. Morningstar Investment Management LLC now owns 341,071 shares of the company’s stock worth $8,148,000 after purchasing an additional 101,763 shares during the period. Royal Bank of Canada lifted its stake in shares of Franklin FTSE Brazil ETF by 83.7% in the first quarter. Royal Bank of Canada now owns 238,026 shares of the company’s stock worth $5,686,000 after buying an additional 108,477 shares during the last quarter. Whitcomb & Hess Inc. lifted its stake in shares of Franklin FTSE Brazil ETF by 1.4% in the third quarter. Whitcomb & Hess Inc. now owns 84,023 shares of the company’s stock worth $1,966,000 after buying an additional 1,177 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Franklin FTSE Brazil ETF by 30.6% during the 1st quarter. Bank of America Corp DE now owns 76,371 shares of the company’s stock worth $1,825,000 after buying an additional 17,889 shares during the period. Finally, ES4 LLC boosted its holdings in shares of Franklin FTSE Brazil ETF by 244.5% during the 1st quarter. ES4 LLC now owns 41,600 shares of the company’s stock worth $994,000 after buying an additional 29,524 shares during the period.

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.