Elevation Point Wealth Partners LLC Acquires Shares of 2,836 Franklin FTSE Australia ETF $FLAU

Elevation Point Wealth Partners LLC bought a new position in shares of Franklin FTSE Australia ETF (NYSEARCA:FLAU) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,836 shares of the company’s stock, valued at approximately $88,000. Elevation Point Wealth Partners LLC owned approximately 0.12% of Franklin FTSE Australia ETF at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Jane Street Group LLC grew its holdings in Franklin FTSE Australia ETF by 10.5% during the first quarter. Jane Street Group LLC now owns 11,480 shares of the company’s stock worth $317,000 after acquiring an additional 1,094 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Franklin FTSE Australia ETF in the first quarter valued at about $668,000. Finally, Flow Traders U.S. LLC boosted its holdings in Franklin FTSE Australia ETF by 120.5% during the first quarter. Flow Traders U.S. LLC now owns 48,739 shares of the company’s stock worth $1,347,000 after buying an additional 26,640 shares in the last quarter.

Franklin FTSE Australia ETF Trading Down 0.9%

Shares of FLAU opened at $30.96 on Tuesday. Franklin FTSE Australia ETF has a twelve month low of $24.41 and a twelve month high of $33.00. The firm has a market capitalization of $75.85 million, a P/E ratio of 20.41 and a beta of 1.04. The firm’s 50-day moving average is $31.80 and its two-hundred day moving average is $31.52.

Franklin FTSE Australia ETF Company Profile

The Franklin FTSE Australia ETF (FLAU) is an exchange-traded fund that is based on the FTSE Australia RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Australian stocks. FLAU was launched on Nov 2, 2017 and is managed by Franklin Templeton.