Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Stock Price Down 0.2% – Here’s Why

Franklin FTSE Brazil ETF (NYSEARCA:FLBR)’s share price traded down 0.2% during trading on Monday . The stock traded as low as $22.01 and last traded at $22.09. 101,241 shares were traded during trading, an increase of 38% from the average session volume of 73,403 shares. The stock had previously closed at $22.14.

Franklin FTSE Brazil ETF Price Performance

The company has a market cap of $307.05 million, a price-to-earnings ratio of 9.04 and a beta of 0.88. The company’s 50-day simple moving average is $20.01 and its 200-day simple moving average is $18.85.

Institutional Trading of Franklin FTSE Brazil ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sunpointe LLC acquired a new stake in Franklin FTSE Brazil ETF during the fourth quarter worth about $203,000. Osaic Holdings Inc. grew its holdings in shares of Franklin FTSE Brazil ETF by 6.7% during the second quarter. Osaic Holdings Inc. now owns 18,659 shares of the company’s stock valued at $335,000 after purchasing an additional 1,174 shares during the last quarter. Wealthfront Advisers LLC raised its position in shares of Franklin FTSE Brazil ETF by 90.1% during the 2nd quarter. Wealthfront Advisers LLC now owns 19,611 shares of the company’s stock worth $352,000 after purchasing an additional 9,296 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of Franklin FTSE Brazil ETF during the 3rd quarter worth approximately $381,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Franklin FTSE Brazil ETF in the 3rd quarter worth approximately $431,000.

Franklin FTSE Brazil ETF Company Profile

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.