Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Shares Gap Down – What’s Next?

Shares of Franklin FTSE South Korea ETF (NYSEARCA:FLKR) gapped down before the market opened on Monday . The stock had previously closed at $60.04, but opened at $55.94. Franklin FTSE South Korea ETF shares last traded at $55.80, with a volume of 191,448 shares traded.

Franklin FTSE South Korea ETF Stock Down 6.1%

The business has a fifty day moving average price of $62.39 and a 200-day moving average price of $48.65. The company has a market cap of $1.16 billion, a P/E ratio of 10.49 and a beta of 1.46.

Institutional Trading of Franklin FTSE South Korea ETF

A number of institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in shares of Franklin FTSE South Korea ETF by 121.0% during the 2nd 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 period. Fiduciary Financial Group LLC bought a new position in shares of Franklin FTSE South Korea ETF in the fourth quarter worth $204,000. Greenline Partners LLC acquired a new position in Franklin FTSE South Korea ETF in the third quarter valued at about $208,000. Summit Financial LLC acquired a new position in Franklin FTSE South Korea ETF in the fourth quarter valued at about $217,000. Finally, MRA Advisory Group bought a new stake in Franklin FTSE South Korea ETF during the second quarter worth about $272,000.

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.