Franklin Resources Inc. Sells 65,000 Shares of Franklin FTSE Eurozone ETF $FLEU

Franklin Resources Inc. decreased its stake in Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) by 59.1% in the second quarter, Holdings Channel.com reports. The firm owned 45,000 shares of the company’s stock after selling 65,000 shares during the period. Franklin Resources Inc.’s holdings in Franklin FTSE Eurozone ETF were worth $1,391,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Addison Advisors LLC bought a new stake in Franklin FTSE Eurozone ETF in the second quarter worth $68,000. Hedeker Wealth LLC bought a new position in Franklin FTSE Eurozone ETF during the second quarter valued at $208,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Franklin FTSE Eurozone ETF by 12.7% in the second quarter. Envestnet Asset Management Inc. now owns 71,819 shares of the company’s stock valued at $2,221,000 after acquiring an additional 8,079 shares during the period.

Franklin FTSE Eurozone ETF Trading Down 0.0%

Franklin FTSE Eurozone ETF stock opened at $32.76 on Friday. Franklin FTSE Eurozone ETF has a 12-month low of $23.50 and a 12-month high of $34.32. The firm has a 50-day moving average price of $32.26 and a 200-day moving average price of $31.40. The firm has a market capitalization of $58.97 million, a PE ratio of 16.43 and a beta of 0.75.

About Franklin FTSE Eurozone ETF

The Franklin FTSE Eurozone ETF Franklin FTSE Europe Hedged Fund (FLEU) is an exchange-traded fund that is based on the FTSE Developed Eurozone index. The fund tracks a market cap weighted index of large- and mid-cap companies in the developed Eurozone. The currency exposure is not hedged FLEU was launched on Nov 2, 2017 and is issued by Franklin Templeton.