HighTower Advisors LLC Cuts Stake in Franklin FTSE South Korea ETF $FLKR

HighTower Advisors LLC reduced its stake in Franklin FTSE South Korea ETF (NYSEARCA:FLKR) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 269,574 shares of the company’s stock after selling 18,438 shares during the period. HighTower Advisors LLC owned approximately 3.03% of Franklin FTSE South Korea ETF worth $8,640,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Cercano Management LLC purchased a new stake in shares of Franklin FTSE South Korea ETF in the third quarter worth $7,117,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Franklin FTSE South Korea ETF in the second quarter worth $4,140,000. Lumbard & Kellner LLC purchased a new stake in shares of Franklin FTSE South Korea ETF in the third quarter worth $2,661,000. Bank of Nova Scotia purchased a new stake in shares of Franklin FTSE South Korea ETF in the third quarter worth $2,622,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Franklin FTSE South Korea ETF in the third quarter worth $1,447,000.

Franklin FTSE South Korea ETF Trading Up 10.0%

NYSEARCA FLKR opened at $64.66 on Wednesday. Franklin FTSE South Korea ETF has a 12 month low of $20.45 and a 12 month high of $64.97. The stock has a market cap of $956.97 million, a P/E ratio of 10.49 and a beta of 1.39. The stock’s fifty day moving average price is $49.38 and its 200-day moving average price is $40.91.

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.