Greenwood Capital Associates LLC Invests $4.25 Million in Franklin FTSE China ETF $FLCH

Greenwood Capital Associates LLC bought a new position in Franklin FTSE China ETF (NYSEARCA:FLCH) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 189,762 shares of the company’s stock, valued at approximately $4,249,000. Greenwood Capital Associates LLC owned 1.53% of Franklin FTSE China ETF at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Royal Bank of Canada bought a new position in shares of Franklin FTSE China ETF during the first quarter valued at $3,909,000. Hsbc Holdings PLC bought a new position in Franklin FTSE China ETF in the 2nd quarter worth about $300,000. EverSource Wealth Advisors LLC grew its position in Franklin FTSE China ETF by 422.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,127 shares of the company’s stock valued at $155,000 after purchasing an additional 5,762 shares during the last quarter. NewEdge Advisors LLC grew its position in Franklin FTSE China ETF by 6.3% during the 2nd quarter. NewEdge Advisors LLC now owns 223,485 shares of the company’s stock valued at $4,851,000 after purchasing an additional 13,166 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Franklin FTSE China ETF by 1,806.9% during the 2nd quarter. Bank of America Corp DE now owns 100,438 shares of the company’s stock valued at $2,180,000 after purchasing an additional 95,171 shares in the last quarter.

Franklin FTSE China ETF Stock Up 1.9%

NYSEARCA:FLCH opened at $21.13 on Thursday. The stock has a market cap of $257.79 million, a price-to-earnings ratio of 12.83 and a beta of 0.35. The company’s 50 day moving average price is $21.94 and its 200-day moving average price is $23.10. Franklin FTSE China ETF has a 52 week low of $20.01 and a 52 week high of $26.51.

Franklin FTSE China ETF Company Profile

The Franklin FTSE China ETF (FLCH) is an exchange-traded fund that is based on the FTSE China RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap companies in China. FLCH was launched on Nov 2, 2017 and is managed by Franklin Templeton.