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

Franklin FTSE South Korea ETF (NYSEARCA:FLKRGet Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $72.25, but opened at $63.77. Franklin FTSE South Korea ETF shares last traded at $65.02, with a volume of 252,161 shares changing hands.

Franklin FTSE South Korea ETF Trading Down 10.4%

The firm has a market cap of $957.56 million, a P/E ratio of 10.49 and a beta of 1.46. The business’s fifty day simple moving average is $58.55 and its 200-day simple moving average is $45.58.

Institutional Trading of Franklin FTSE South Korea ETF

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new position in Franklin FTSE South Korea ETF during the 1st quarter valued at about $366,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Franklin FTSE South Korea ETF by 121.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock worth $30,000 after buying an additional 674 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Franklin FTSE South Korea ETF in the second quarter worth about $4,140,000. Osaic Holdings Inc. boosted its position in shares of Franklin FTSE South Korea ETF by 2,424.3% in the second quarter. Osaic Holdings Inc. now owns 12,470 shares of the company’s stock valued at $305,000 after acquiring an additional 11,976 shares during the period. Finally, Lumbard & Kellner LLC bought a new position in shares of Franklin FTSE South Korea ETF in the third quarter valued at approximately $2,661,000.

About Franklin FTSE South Korea ETF

(Get Free Report)

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.

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