Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Trading 0.3% Higher – What’s Next?

Shares of Franklin FTSE South Korea ETF (NYSEARCA:FLKR) shot up 0.3% on Monday . The company traded as high as $31.49 and last traded at $31.00. 43,579 shares were traded during trading, a decline of 37% from the average session volume of 68,744 shares. The stock had previously closed at $30.92.

Franklin FTSE South Korea ETF Price Performance

The stock has a market cap of $229.90 million, a price-to-earnings ratio of 10.49 and a beta of 1.23. The company’s fifty day moving average price is $30.68 and its 200-day moving average price is $26.95.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cercano Management LLC purchased a new stake in Franklin FTSE South Korea ETF during the 3rd quarter valued at about $7,117,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Franklin FTSE South Korea ETF in the second quarter worth about $4,140,000. Lumbard & Kellner LLC purchased a new position in shares of Franklin FTSE South Korea ETF in the third quarter worth about $2,661,000. Bank of Nova Scotia acquired a new stake in shares of Franklin FTSE South Korea ETF during the third quarter worth about $2,622,000. Finally, Marotta Asset Management boosted its position in Franklin FTSE South Korea ETF by 48.2% in the second quarter. Marotta Asset Management now owns 172,783 shares of the company’s stock valued at $4,223,000 after buying an additional 56,161 shares during the last quarter.

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.