Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Hits New 52-Week High – Here’s What Happened

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) hit a new 52-week high on Tuesday . The stock traded as high as $63.80 and last traded at $63.78, with a volume of 73420 shares trading hands. The stock had previously closed at $58.78.

Franklin FTSE South Korea ETF Trading Up 9.1%

The firm has a market cap of $949.27 million, a P/E ratio of 10.49 and a beta of 1.39. The company’s 50-day moving average is $48.89 and its two-hundred day moving average is $40.68.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

Several large investors have recently added to or reduced their stakes in FLKR. EverSource Wealth Advisors LLC lifted its position in Franklin FTSE South Korea ETF by 121.0% in 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 in the last quarter. Fiduciary Financial Group LLC bought a new position in Franklin FTSE South Korea ETF in the 4th quarter valued at about $204,000. Greenline Partners LLC bought a new position in shares of Franklin FTSE South Korea ETF during the 3rd quarter worth approximately $208,000. Summit Financial LLC bought a new position in shares of Franklin FTSE South Korea ETF during the 4th quarter worth approximately $217,000. Finally, Osaic Holdings Inc. lifted its position in shares of Franklin FTSE South Korea ETF by 2,424.3% during the 2nd quarter. Osaic Holdings Inc. now owns 12,470 shares of the company’s stock worth $305,000 after buying an additional 11,976 shares in the last quarter.

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.