Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Shares Gap Down – Should You Sell?

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) gapped down before the market opened on Tuesday . The stock had previously closed at $57.07, but opened at $54.37. Franklin FTSE South Korea ETF shares last traded at $54.95, with a volume of 100,158 shares traded.

Franklin FTSE South Korea ETF Price Performance

The stock’s 50-day moving average is $47.25 and its 200-day moving average is $39.77. The stock has a market cap of $839.90 million, a price-to-earnings ratio of 10.49 and a beta of 1.39.

Institutional Trading of Franklin FTSE South Korea ETF

A number of hedge funds have recently added to or reduced their stakes in FLKR. Jane Street Group LLC acquired a new stake in Franklin FTSE South Korea ETF in the 1st quarter worth about $366,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Franklin FTSE South Korea ETF by 121.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock valued at $30,000 after purchasing an additional 674 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Franklin FTSE South Korea ETF in the 2nd quarter valued at $4,140,000. Osaic Holdings Inc. boosted its holdings in shares of Franklin FTSE South Korea ETF by 2,424.3% in the 2nd quarter. Osaic Holdings Inc. now owns 12,470 shares of the company’s stock valued at $305,000 after purchasing an additional 11,976 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Franklin FTSE South Korea ETF by 8.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,983 shares of the company’s stock valued at $308,000 after purchasing an additional 826 shares during the last quarter.

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.