Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Shares Gap Down – What’s Next?

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) shares gapped down prior to trading on Wednesday . The stock had previously closed at $66.08, but opened at $62.15. Franklin FTSE South Korea ETF shares last traded at $62.97, with a volume of 309,102 shares traded.

Franklin FTSE South Korea ETF Price Performance

The firm has a market capitalization of $915.68 million, a PE ratio of 10.49 and a beta of 1.46. The business has a 50-day simple moving average of $60.70 and a 200-day simple moving average of $47.00.

Institutional Trading of Franklin FTSE South Korea ETF

Institutional investors have recently bought and sold shares of the stock. Miller Global Investments LLC purchased a new position in Franklin FTSE South Korea ETF during the fourth quarter worth $436,000. Tradewinds Capital Management LLC bought a new stake in shares of Franklin FTSE South Korea ETF in the 4th quarter worth about $824,000. Fiduciary Financial Group LLC purchased a new stake in Franklin FTSE South Korea ETF in the 4th quarter worth about $204,000. Cetera Investment Advisers purchased a new position in shares of Franklin FTSE South Korea ETF during the first quarter valued at approximately $382,000. Finally, Marshall Wace LLP purchased a new position in shares of Franklin FTSE South Korea ETF during the fourth 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.