Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Unusually-High Trading Volume – What’s Next?

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) shares saw unusually-high trading volume on Thursday. 754,212 shares were traded during mid-day trading, an increase of 12% from the previous session’s volume of 674,065 shares. The stock last traded at $50.5720 and had previously closed at $52.81.

Franklin FTSE South Korea ETF Price Performance

The company has a 50-day simple moving average of $59.23 and a two-hundred day simple moving average of $57.33. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 10.49 and a beta of 1.51.

Institutional Investors Weigh In On Franklin FTSE South Korea ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marotta Asset Management increased its position in Franklin FTSE South Korea ETF by 3.8% during the 3rd quarter. Marotta Asset Management now owns 68,267 shares of the company’s stock worth $4,105,000 after buying an additional 2,498 shares during the period. Spartan Wealth Advisory Services LLC bought a new stake in Franklin FTSE South Korea ETF during the 1st quarter worth approximately $1,334,000. Boltwood Capital Management acquired a new stake in Franklin FTSE South Korea ETF during the 3rd quarter valued at approximately $1,505,000. Hsbc Holdings PLC acquired a new position in Franklin FTSE South Korea ETF in the fourth quarter valued at approximately $722,000. Finally, Wealthfront Advisers LLC purchased a new stake in Franklin FTSE South Korea ETF in the first quarter worth approximately $723,000.

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.