Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Strong Trading Volume – Here’s Why

Shares of Franklin FTSE South Korea ETF (NYSEARCA:FLKR) saw an uptick in trading volume on Friday . Approximately 720,827 shares were traded during trading, an increase of 15% from the previous session’s volume of 627,711 shares.The stock last traded at $53.44 and had previously closed at $53.37.

Franklin FTSE South Korea ETF Stock Down 0.5%

The business has a fifty day simple moving average of $62.17 and a two-hundred day simple moving average of $49.37. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 10.49 and a beta of 1.46.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake in Franklin FTSE South Korea ETF by 121.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock valued at $30,000 after buying an additional 674 shares in the last quarter. Fiduciary Financial Group LLC acquired a new position in Franklin FTSE South Korea ETF during the fourth quarter worth $204,000. Greenline Partners LLC acquired a new position in Franklin FTSE South Korea ETF during the third quarter worth $208,000. Summit Financial LLC bought a new position in shares of Franklin FTSE South Korea ETF during the fourth quarter valued at $217,000. Finally, MRA Advisory Group bought a new position in shares of Franklin FTSE South Korea ETF during the second quarter valued at $272,000.

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.