Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Shares Down 0.1%

Shares of Franklin FTSE Brazil ETF (NYSEARCA:FLBR) fell 0.1% during mid-day trading on Monday . The stock traded as low as $19.53 and last traded at $19.55. 6,262 shares were traded during trading, a decline of 88% from the average session volume of 52,027 shares. The stock had previously closed at $19.56.

Franklin FTSE Brazil ETF Price Performance

The stock has a market capitalization of $164.18 million, a P/E ratio of 5.42 and a beta of 0.92. The stock’s fifty day moving average is $19.34 and its two-hundred day moving average is $19.71.

Hedge Funds Weigh In On Franklin FTSE Brazil ETF

A number of large investors have recently made changes to their positions in FLBR. Raymond James & Associates increased its holdings in Franklin FTSE Brazil ETF by 21.9% in the third quarter. Raymond James & Associates now owns 177,547 shares of the company’s stock worth $3,265,000 after buying an additional 31,891 shares during the last quarter. Tradewinds Capital Management LLC acquired a new position in shares of Franklin FTSE Brazil ETF during the 3rd quarter worth $87,000. Wealthfront Advisers LLC raised its holdings in shares of Franklin FTSE Brazil ETF by 110.9% during the 3rd quarter. Wealthfront Advisers LLC now owns 36,642 shares of the company’s stock valued at $674,000 after purchasing an additional 19,270 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Franklin FTSE Brazil ETF by 73.9% in the 3rd quarter. Private Advisor Group LLC now owns 81,717 shares of the company’s stock valued at $1,503,000 after purchasing an additional 34,718 shares during the last quarter. Finally, PGIM Custom Harvest LLC boosted its holdings in Franklin FTSE Brazil ETF by 37.8% in the third quarter. PGIM Custom Harvest LLC now owns 17,116 shares of the company’s stock worth $315,000 after purchasing an additional 4,698 shares in the last quarter.

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.