Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Hits New 52-Week High – What’s Next?

Shares of Franklin FTSE Brazil ETF (NYSEARCA:FLBR) reached a new 52-week high during trading on Monday. The company traded as high as $27.42 and last traded at $27.0740, with a volume of 127415 shares. The stock had previously closed at $23.93.

Franklin FTSE Brazil ETF Trading Down 0.6%

The company has a market capitalization of $711.55 million, a price-to-earnings ratio of 9.04 and a beta of 0.57. The business’s 50 day moving average price is $22.76 and its two-hundred day moving average price is $22.93.

Institutional Trading of Franklin FTSE Brazil ETF

A number of hedge funds have recently added to or reduced their stakes in FLBR. Boltwood Capital Management bought a new stake in shares of Franklin FTSE Brazil ETF during the third quarter worth $220,000. Citadel Advisors LLC bought a new position in shares of Franklin FTSE Brazil ETF in the 2nd quarter valued at $718,000. Bank of America Corp DE boosted its holdings in shares of Franklin FTSE Brazil ETF by 30.6% during the 1st quarter. Bank of America Corp DE now owns 76,371 shares of the company’s stock valued at $1,825,000 after acquiring an additional 17,889 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Franklin FTSE Brazil ETF by 83.7% during the 1st 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. Finally, Morningstar Investment Management LLC grew its position in Franklin FTSE Brazil ETF by 42.5% during the 1st quarter. Morningstar Investment Management LLC now owns 341,071 shares of the company’s stock worth $8,148,000 after acquiring an additional 101,763 shares during the last quarter.

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.