Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Strong Trading Volume – What’s Next?

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) saw strong trading volume on Wednesday . 2,604,978 shares were traded during mid-day trading, an increase of 455% from the previous session’s volume of 469,306 shares.The stock last traded at $44.96 and had previously closed at $41.30.

Franklin FTSE South Korea ETF Price Performance

The company’s fifty day moving average price is $42.26 and its 200 day moving average price is $35.24. The company has a market cap of $508.10 million, a PE ratio of 10.49 and a beta of 1.24.

Institutional Trading of Franklin FTSE South Korea ETF

Several institutional investors and hedge funds have recently made changes to their positions in FLKR. EverSource Wealth Advisors LLC raised its holdings in shares of Franklin FTSE South Korea ETF by 121.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock valued at $30,000 after purchasing an additional 674 shares during the last quarter. Fiduciary Financial Group LLC purchased a new stake in Franklin FTSE South Korea ETF during the fourth quarter worth about $204,000. Greenline Partners LLC purchased a new stake in Franklin FTSE South Korea ETF during the third quarter worth about $208,000. Summit Financial LLC purchased a new stake in Franklin FTSE South Korea ETF during the fourth quarter worth about $217,000. Finally, Osaic Holdings Inc. increased its holdings in Franklin FTSE South Korea ETF by 2,424.3% during the second quarter. Osaic Holdings Inc. now owns 12,470 shares of the company’s stock worth $305,000 after buying an additional 11,976 shares during the last quarter.

About Franklin FTSE South Korea ETF

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.