Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Shares Climb 4.4% – Here’s What Happened

Franklin FTSE South Korea ETF (NYSEARCA:FLKR)’s share price rose 4.4% during mid-day trading on Wednesday. The stock traded as high as $53.91 and last traded at $54.13. 83,051 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 690,604 shares. The stock had previously closed at $51.86.

Franklin FTSE South Korea ETF Trading Down 2.6%

The business’s 50 day moving average is $57.91 and its 200 day moving average is $52.87. The stock has a market capitalization of $1.85 billion, a PE ratio of 10.49 and a beta of 1.51.

Institutional Trading of Franklin FTSE South Korea ETF

Several institutional investors have recently added to or reduced their stakes in FLKR. Marotta Asset Management grew its stake in shares of Franklin FTSE South Korea ETF by 3.8% during the third quarter. Marotta Asset Management now owns 68,267 shares of the company’s stock valued at $4,105,000 after buying an additional 2,498 shares during the last quarter. Spartan Wealth Advisory Services LLC purchased a new stake in shares of Franklin FTSE South Korea ETF in the first quarter worth approximately $1,334,000. Boltwood Capital Management purchased a new stake in shares of Franklin FTSE South Korea ETF in the third quarter worth approximately $1,505,000. Hsbc Holdings PLC bought a new stake in shares of Franklin FTSE South Korea ETF during the 4th quarter worth approximately $722,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Franklin FTSE South Korea ETF during the 3rd quarter worth approximately $1,142,000.

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.