Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Large Volume Increase – Time to Buy?

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) shares saw strong trading volume on Monday . Approximately 639,651 shares were traded during trading, a decline of 2% from the previous session’s volume of 649,902 shares.The stock last traded at $59.87 and had previously closed at $59.50.

Franklin FTSE South Korea ETF Stock Performance

The firm has a fifty day moving average of $57.93 and a 200-day moving average of $53.47. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 10.49 and a beta of 1.49.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MRA Advisory Group acquired a new stake in Franklin FTSE South Korea ETF in the second quarter valued at approximately $272,000. Boltwood Capital Management increased its stake in Franklin FTSE South Korea ETF by 1.2% during the 2nd quarter. Boltwood Capital Management now owns 17,175 shares of the company’s stock worth $1,135,000 after buying an additional 200 shares during the period. EverSource Wealth Advisors LLC increased its stake in Franklin FTSE South Korea ETF by 50.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the company’s stock worth $73,000 after buying an additional 608 shares during the period. Cetera Investment Advisers acquired a new position in Franklin FTSE South Korea ETF in the 1st quarter worth $382,000. Finally, Spartan Wealth Advisory Services LLC acquired a new position in Franklin FTSE South Korea ETF in the 1st quarter worth $1,334,000.

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.