Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Shares Up 1.5% – Still a Buy?

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) shot up 1.5% during mid-day trading on Thursday. The company traded as high as $61.14 and last traded at $61.03. Approximately 845,447 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 677,683 shares. The stock had previously closed at $60.13.

Franklin FTSE South Korea ETF Stock Up 1.5%

The company’s 50-day simple moving average is $58.13 and its 200 day simple moving average is $56.28. The company has a market capitalization of $1.72 billion, a P/E ratio of 10.49 and a beta of 1.51.

Institutional Investors Weigh In On Franklin FTSE South Korea ETF

Large investors have recently bought and sold shares of the business. Spartan Wealth Advisory Services LLC acquired a new position in Franklin FTSE South Korea ETF during the first quarter worth $1,334,000. Boltwood Capital Management lifted its position in shares of Franklin FTSE South Korea ETF by 1.2% in the second quarter. Boltwood Capital Management now owns 17,175 shares of the company’s stock worth $1,135,000 after buying an additional 200 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Franklin FTSE South Korea ETF during the 1st quarter worth about $723,000. Hsbc Holdings PLC bought a new stake in shares of Franklin FTSE South Korea ETF during the 4th quarter worth about $722,000. Finally, Cetera Investment Advisers acquired a new position in shares of Franklin FTSE South Korea ETF during the 1st quarter valued at about $382,000.

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.