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

Shares of Franklin FTSE South Korea ETF (NYSEARCA:FLKRGet Free Report) saw an uptick in trading volume on Thursday . Approximately 1,440,072 shares were traded during mid-day trading, an increase of 120% from the previous session’s volume of 655,258 shares.The stock last traded at $60.3960 and had previously closed at $62.67.

Franklin FTSE South Korea ETF Stock Performance

The company has a market cap of $1.52 billion, a price-to-earnings ratio of 10.49 and a beta of 1.51. The firm’s 50-day moving average price is $57.18 and its 200 day moving average price is $54.48.

Institutional Trading of Franklin FTSE South Korea ETF

A number of institutional investors have recently bought and sold shares of FLKR. MRA Advisory Group acquired a new position in shares of Franklin FTSE South Korea ETF in the 2nd quarter valued at $272,000. Boltwood Capital Management increased its holdings in Franklin FTSE South Korea ETF by 1.2% in the second quarter. Boltwood Capital Management now owns 17,175 shares of the company’s stock valued at $1,135,000 after purchasing an additional 200 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Franklin FTSE South Korea ETF by 50.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the company’s stock valued at $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 first quarter valued at about $382,000. Finally, Spartan Wealth Advisory Services LLC bought a new position in Franklin FTSE South Korea ETF during the first quarter worth about $1,334,000.

Franklin FTSE South Korea ETF Company Profile

(Get Free Report)

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.

Further Reading

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