Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Sees Large Volume Increase – What’s Next?

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) shares saw unusually-high trading volume on Thursday . Approximately 482,102 shares traded hands during mid-day trading, an increase of 71% from the previous session’s volume of 281,992 shares.The stock last traded at $22.71 and had previously closed at $22.66.

Franklin FTSE Brazil ETF Price Performance

The firm has a market cap of $568.50 million, a price-to-earnings ratio of 9.04 and a beta of 0.66. The firm has a fifty day simple moving average of $24.03 and a two-hundred day simple moving average of $22.23.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of Franklin FTSE Brazil ETF by 30.6% in the first quarter. Bank of America Corp DE now owns 76,371 shares of the company’s stock worth $1,825,000 after purchasing an additional 17,889 shares during the last quarter. Royal Bank of Canada raised its stake in shares of 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 worth $5,686,000 after purchasing an additional 108,477 shares during the last quarter. Morningstar Investment Management LLC raised its stake in shares of Franklin FTSE Brazil ETF by 42.5% in the first 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 last quarter. Parallel Advisors LLC raised its stake in shares of Franklin FTSE Brazil ETF by 11.0% in the first quarter. Parallel Advisors LLC now owns 4,987 shares of the company’s stock worth $119,000 after purchasing an additional 494 shares during the last quarter. Finally, ES4 LLC raised its stake in shares of Franklin FTSE Brazil ETF by 244.5% in the first quarter. ES4 LLC now owns 41,600 shares of the company’s stock worth $994,000 after purchasing an additional 29,524 shares during the last quarter.

About Franklin FTSE Brazil ETF

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.