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

Shares of Franklin FTSE South Korea ETF (NYSEARCA:FLKR) saw unusually-strong trading volume on Thursday. 754,212 shares changed hands during trading, an increase of 12% from the previous session’s volume of 674,065 shares. The stock last traded at $50.5720 and had previously closed at $52.81.

Franklin FTSE South Korea ETF Stock Performance

The company has a market cap of $1.58 billion, a P/E ratio of 10.49 and a beta of 1.51. The stock has a 50-day simple moving average of $59.23 and a 200 day simple moving average of $57.33.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Boltwood Capital Management acquired a new position in shares of Franklin FTSE South Korea ETF in the 3rd quarter valued at about $1,505,000. Hsbc Holdings PLC acquired a new position in Franklin FTSE South Korea ETF during the fourth quarter worth approximately $722,000. Wealthfront Advisers LLC purchased a new stake in shares of Franklin FTSE South Korea ETF during the first quarter worth about $723,000. Cetera Investment Advisers purchased a new position in shares of Franklin FTSE South Korea ETF in the 1st quarter worth $382,000. Finally, Spartan Wealth Advisory Services LLC acquired a new position in Franklin FTSE South Korea ETF during the 1st quarter worth $1,334,000.

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.