Franklin FTSE Brazil ETF (NYSEARCA:FLBR – Get Free Report) saw strong trading volume on Tuesday. Approximately 347,102 shares changed hands during mid-day trading, an increase of 45% from the previous session’s volume of 239,191 shares. The stock last traded at $26.9660 and had previously closed at $26.91.
Franklin FTSE Brazil ETF Stock Down 0.5%
The company’s 50 day simple moving average is $22.67 and its 200-day simple moving average is $22.90. The firm has a market cap of $712.19 million, a P/E ratio of 9.04 and a beta of 0.57.
Institutional Investors Weigh In On Franklin FTSE Brazil ETF
A number of institutional investors and hedge funds have recently modified their holdings of the business. ES4 LLC lifted its holdings in Franklin FTSE Brazil ETF by 244.5% during the 1st quarter. ES4 LLC now owns 41,600 shares of the company’s stock valued at $994,000 after buying an additional 29,524 shares in the last quarter. Royal Bank of Canada grew its position in shares of Franklin FTSE Brazil ETF by 83.7% during the 1st quarter. Royal Bank of Canada now owns 238,026 shares of the company’s stock worth $5,686,000 after buying an additional 108,477 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Franklin FTSE Brazil ETF during the second quarter valued at $718,000. Morningstar Investment Management LLC increased its stake in shares of Franklin FTSE Brazil ETF by 42.5% during the first quarter. Morningstar Investment Management LLC now owns 341,071 shares of the company’s stock valued at $8,148,000 after buying an additional 101,763 shares during the period. Finally, Boltwood Capital Management purchased a new position in shares of Franklin FTSE Brazil ETF during the third quarter valued at $220,000.
About Franklin FTSE Brazil ETF
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.
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