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

Franklin FTSE South Korea ETF (NYSEARCA:FLKR)’s share price gapped up before the market opened on Monday. The stock had previously closed at $49.94, but opened at $52.76. Franklin FTSE South Korea ETF shares last traded at $52.2020, with a volume of 140,580 shares.

Franklin FTSE South Korea ETF Trading Down 1.5%

The firm has a market cap of $1.58 billion, a PE ratio of 10.49 and a beta of 1.51. The business’s 50-day simple moving average is $58.94 and its 200 day simple moving average is $57.66.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FLKR. Spartan Wealth Advisory Services LLC bought a new position in Franklin FTSE South Korea ETF in the first quarter worth approximately $1,334,000. Boltwood Capital Management purchased a new stake in Franklin FTSE South Korea ETF during the third quarter worth $1,505,000. Hsbc Holdings PLC bought a new stake in Franklin FTSE South Korea ETF during the 4th quarter valued at $722,000. Wealthfront Advisers LLC bought a new stake in Franklin FTSE South Korea ETF during the 1st quarter valued at $723,000. Finally, Cetera Investment Advisers bought a new stake in Franklin FTSE South Korea ETF during the 1st quarter valued at $382,000.

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.