Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Strong Trading Volume – Should You Buy?

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) shares saw strong trading volume on Thursday . 1,546,259 shares changed hands during mid-day trading, an increase of 212% from the previous session’s volume of 495,675 shares.The stock last traded at $48.05 and had previously closed at $46.91.

Franklin FTSE South Korea ETF Stock Up 1.8%

The stock has a market cap of $611.07 million, a price-to-earnings ratio of 10.49 and a beta of 1.24. The stock has a fifty day moving average of $42.95 and a two-hundred day moving average of $35.97.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in Franklin FTSE South Korea ETF by 121.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock valued at $30,000 after acquiring an additional 674 shares during the last quarter. Fiduciary Financial Group LLC acquired a new position in Franklin FTSE South Korea ETF in the fourth quarter valued at $204,000. Summit Financial LLC acquired a new position in Franklin FTSE South Korea ETF in the fourth quarter valued at $217,000. Greenline Partners LLC acquired a new position in Franklin FTSE South Korea ETF in the third quarter valued at $208,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Franklin FTSE South Korea ETF by 8.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,983 shares of the company’s stock valued at $308,000 after acquiring an additional 826 shares during the last quarter.

Franklin FTSE South Korea ETF Company Profile

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.