Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Strong Trading Volume – Time to Buy?

Shares of Franklin FTSE South Korea ETF (NYSEARCA:FLKR) saw unusually-high trading volume on Thursday . Approximately 1,440,072 shares changed hands during mid-day trading, an increase of 120% from the previous session’s volume of 655,258 shares.The stock last traded at $60.3960 and had previously closed at $62.67.

Franklin FTSE South Korea ETF Trading Down 3.8%

The firm’s 50 day moving average is $57.18 and its two-hundred day moving average is $54.48. The firm has a market cap of $1.52 billion, a P/E ratio of 10.49 and a beta of 1.51.

Institutional Investors Weigh In On Franklin FTSE South Korea ETF

Several hedge funds have recently bought and sold shares of FLKR. Hsbc Holdings PLC bought a new stake in shares of Franklin FTSE South Korea ETF in the fourth quarter worth about $722,000. Wealthfront Advisers LLC bought a new position in shares of Franklin FTSE South Korea ETF during the 1st quarter valued at about $723,000. Spartan Wealth Advisory Services LLC bought a new position in shares of Franklin FTSE South Korea ETF during the 1st quarter valued at about $1,334,000. Cetera Investment Advisers acquired a new position in shares of Franklin FTSE South Korea ETF in the 1st quarter valued at approximately $382,000. Finally, Marshall Wace LLP acquired a new position in shares of Franklin FTSE South Korea ETF in the 4th quarter valued at approximately $352,000.

About Franklin FTSE South Korea ETF

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.