Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Strong Trading Volume – Here’s Why

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) shares saw unusually-strong trading volume on Wednesday . Approximately 833,447 shares were traded during trading, an increase of 49% from the previous session’s volume of 558,255 shares.The stock last traded at $58.94 and had previously closed at $59.36.

Franklin FTSE South Korea ETF Stock Up 11.4%

The company’s fifty day moving average is $54.80 and its 200 day moving average is $43.70. The firm has a market cap of $946.16 million, a price-to-earnings ratio of 10.49 and a beta of 1.46.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FLKR. Cercano Management LLC acquired a new position in Franklin FTSE South Korea ETF during the third quarter worth $7,117,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Franklin FTSE South Korea ETF during the second quarter worth $4,140,000. Empowered Funds LLC acquired a new position in Franklin FTSE South Korea ETF during the fourth quarter worth $5,104,000. Goldman Sachs Group Inc. boosted its holdings in Franklin FTSE South Korea ETF by 492.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 178,923 shares of the company’s stock worth $5,734,000 after purchasing an additional 148,714 shares during the last quarter. Finally, Vident Advisory LLC boosted its holdings in Franklin FTSE South Korea ETF by 1,154.9% during the fourth quarter. Vident Advisory LLC now owns 108,363 shares of the company’s stock worth $3,473,000 after purchasing an additional 99,728 shares during the last quarter.

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.