Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Large Volume Increase – Still a Buy?

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) saw unusually-high trading volume on Friday . Approximately 720,827 shares traded hands during trading, an increase of 15% from the previous session’s volume of 627,711 shares.The stock last traded at $53.44 and had previously closed at $53.37.

Franklin FTSE South Korea ETF Stock Up 2.2%

The stock has a market cap of $1.18 billion, a PE ratio of 10.49 and a beta of 1.46. The business’s 50-day simple moving average is $62.34 and its 200-day simple moving average is $49.35.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

Several hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in 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 acquiring an additional 674 shares during the period. Fiduciary Financial Group LLC bought a new position in Franklin FTSE South Korea ETF in the 4th quarter worth $204,000. Greenline Partners LLC purchased a new stake in shares of Franklin FTSE South Korea ETF in the 3rd quarter worth about $208,000. Summit Financial LLC purchased a new stake in shares of Franklin FTSE South Korea ETF in the 4th quarter worth about $217,000. Finally, MRA Advisory Group bought a new stake in shares of Franklin FTSE South Korea ETF during the 2nd quarter valued at about $272,000.

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.