Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Shares Down 0.4% – Here’s What Happened

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) fell 0.4% during mid-day trading on Wednesday . The stock traded as low as $19.00 and last traded at $19.05. 91,364 shares changed hands during trading, an increase of 22% from the average session volume of 74,885 shares. The stock had previously closed at $19.13.

Franklin FTSE Brazil ETF Stock Performance

The firm has a market capitalization of $251.46 million, a price-to-earnings ratio of 9.04 and a beta of 0.88. The firm has a fifty day moving average price of $19.78 and a 200 day moving average price of $18.54.

Institutional Investors Weigh In On Franklin FTSE Brazil ETF

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC acquired a new position in shares of Franklin FTSE Brazil ETF during the 2nd quarter worth $56,000. Armstrong Advisory Group Inc. purchased a new stake in Franklin FTSE Brazil ETF during the second quarter worth about $142,000. Osaic Holdings Inc. boosted its holdings in Franklin FTSE Brazil ETF by 6.7% during the second quarter. Osaic Holdings Inc. now owns 18,659 shares of the company’s stock worth $335,000 after buying an additional 1,174 shares in the last quarter. Wealthfront Advisers LLC grew its position in Franklin FTSE Brazil ETF by 90.1% during the second quarter. Wealthfront Advisers LLC now owns 19,611 shares of the company’s stock worth $352,000 after buying an additional 9,296 shares during the period. Finally, Belpointe Asset Management LLC purchased a new position in Franklin FTSE Brazil ETF in the third quarter valued at about $381,000.

About Franklin FTSE Brazil ETF

The Franklin FTSE Brazil ETF (FLBR) is an exchange-traded fund that is based on the FTSE Brazil RIC Capped index. The fund tracks a market cap-weighted index of Brazilian large- and mid-cap stocks. FLBR was launched on Nov 3, 2017 and is managed by Franklin Templeton.