Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Sees Strong Trading Volume – Still a Buy?

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) saw unusually-strong trading volume on Tuesday . 985,250 shares were traded during trading, an increase of 321% from the previous session’s volume of 233,829 shares.The stock last traded at $23.60 and had previously closed at $23.80.

Franklin FTSE Brazil ETF Price Performance

The firm’s 50 day moving average price is $22.45 and its 200 day moving average price is $22.85. The stock has a market capitalization of $622.17 million, a P/E ratio of 9.04 and a beta of 0.62.

Institutional Investors Weigh In On Franklin FTSE Brazil ETF

A number of large investors have recently made changes to their positions in FLBR. Royal Bank of Canada boosted its holdings in Franklin FTSE Brazil ETF by 83.7% in the first quarter. Royal Bank of Canada now owns 238,026 shares of the company’s stock valued at $5,686,000 after acquiring an additional 108,477 shares in the last quarter. Morningstar Investment Management LLC lifted its position in shares of Franklin FTSE Brazil ETF by 42.5% in the 1st quarter. Morningstar Investment Management LLC now owns 341,071 shares of the company’s stock worth $8,148,000 after purchasing an additional 101,763 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Franklin FTSE Brazil ETF in the 2nd quarter worth about $718,000. ES4 LLC boosted its stake in shares of Franklin FTSE Brazil ETF by 244.5% during the 1st quarter. ES4 LLC now owns 41,600 shares of the company’s stock valued at $994,000 after purchasing an additional 29,524 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Franklin FTSE Brazil ETF by 30.6% during the first quarter. Bank of America Corp DE now owns 76,371 shares of the company’s stock valued at $1,825,000 after buying an additional 17,889 shares during the period.

Franklin FTSE Brazil ETF Company Profile

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.