Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Shares Gap Up – Time to Buy?

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) gapped up prior to trading on Monday . The stock had previously closed at $56.22, but opened at $60.10. Franklin FTSE South Korea ETF shares last traded at $60.06, with a volume of 218,858 shares trading hands.

Franklin FTSE South Korea ETF Stock Down 0.7%

The business has a 50 day moving average of $53.93 and a 200 day moving average of $43.26. The company has a market capitalization of $878.53 million, a P/E ratio of 10.49 and a beta of 1.46.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ieq Capital LLC boosted its stake in Franklin FTSE South Korea ETF by 3.7% during the fourth quarter. Ieq Capital LLC now owns 11,817 shares of the company’s stock valued at $379,000 after buying an additional 427 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Franklin FTSE South Korea ETF by 50.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the company’s stock valued at $73,000 after buying an additional 608 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Franklin FTSE South Korea ETF by 8.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,983 shares of the company’s stock valued at $308,000 after buying an additional 826 shares during the last quarter. LPL Financial LLC boosted its stake in Franklin FTSE South Korea ETF by 14.2% during the fourth quarter. LPL Financial LLC now owns 12,575 shares of the company’s stock valued at $403,000 after buying an additional 1,560 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in Franklin FTSE South Korea ETF by 38.7% during the fourth quarter. Osaic Holdings Inc. now owns 17,359 shares of the company’s stock valued at $556,000 after buying an additional 4,848 shares during the last quarter.

Franklin FTSE South Korea ETF Company Profile

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.