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

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) shares gapped up before the market opened on Monday. The stock had previously closed at $49.94, but opened at $52.76. Franklin FTSE South Korea ETF shares last traded at $52.2020, with a volume of 140,580 shares.

Franklin FTSE South Korea ETF Stock Performance

The company’s 50-day simple moving average is $59.07 and its 200 day simple moving average is $57.50. The company has a market cap of $1.61 billion, a PE ratio of 10.49 and a beta of 1.51.

Institutional Trading of Franklin FTSE South Korea ETF

Several hedge funds have recently modified their holdings of the stock. Boltwood Capital Management increased its holdings in Franklin FTSE South Korea ETF by 1.2% during the 2nd quarter. Boltwood Capital Management now owns 17,175 shares of the company’s stock worth $1,135,000 after purchasing an additional 200 shares during the period. EverSource Wealth Advisors LLC raised its position in Franklin FTSE South Korea ETF by 50.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the company’s stock valued at $73,000 after purchasing an additional 608 shares in the last quarter. Marotta Asset Management boosted its stake in shares of Franklin FTSE South Korea ETF by 3.8% in the 3rd quarter. Marotta Asset Management now owns 68,267 shares of the company’s stock valued at $4,105,000 after buying an additional 2,498 shares during the period. MRA Advisory Group purchased a new position in shares of Franklin FTSE South Korea ETF in the 2nd quarter valued at about $272,000. Finally, Cetera Investment Advisers purchased a new position in shares of Franklin FTSE South Korea ETF in the 1st quarter valued at about $382,000.

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.