Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Sees Unusually-High Trading Volume – Here’s Why

Shares of Franklin FTSE Brazil ETF (NYSEARCA:FLBR) saw unusually-strong trading volume on Tuesday . 985,250 shares changed hands during mid-day trading, an increase of 321% from the previous session’s volume of 233,829 shares.The stock last traded at $23.60 and had previously closed at $23.80.

Franklin FTSE Brazil ETF Stock Down 0.7%

The stock has a market capitalization of $628.72 million, a price-to-earnings ratio of 9.04 and a beta of 0.62. The company has a 50 day simple moving average of $22.41 and a 200-day simple moving average of $22.84.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Morningstar Investment Management LLC increased its stake in Franklin FTSE Brazil ETF by 42.5% in the first quarter. Morningstar Investment Management LLC now owns 341,071 shares of the company’s stock valued at $8,148,000 after purchasing an additional 101,763 shares in the last quarter. Royal Bank of Canada increased its position in Franklin FTSE Brazil ETF by 83.7% in the 1st quarter. Royal Bank of Canada now owns 238,026 shares of the company’s stock valued at $5,686,000 after buying an additional 108,477 shares in the last quarter. Bank of America Corp DE raised its stake in Franklin FTSE Brazil ETF by 30.6% during the 1st quarter. Bank of America Corp DE now owns 76,371 shares of the company’s stock worth $1,825,000 after buying an additional 17,889 shares during the period. ES4 LLC raised its stake in Franklin FTSE Brazil ETF by 244.5% during the 1st quarter. ES4 LLC now owns 41,600 shares of the company’s stock worth $994,000 after buying an additional 29,524 shares during the period. Finally, Citadel Advisors LLC bought a new position in Franklin FTSE Brazil ETF in the second quarter worth approximately $718,000.

Franklin FTSE Brazil ETF Company Profile

The Franklin FTSE Brazil ETF (FLBR) is an exchange-traded fund that is based on the FTSE Brazil RIC Capped index. The fund tracks a market cap-weighted index of Brazilian large- and mid-cap stocks. FLBR was launched on Nov 3, 2017 and is managed by Franklin Templeton.