Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sets New 12-Month High – Here’s What Happened

Shares of Franklin FTSE South Korea ETF (NYSEARCA:FLKR) reached a new 52-week high during trading on Thursday . The stock traded as high as $70.59 and last traded at $70.40, with a volume of 104562 shares trading hands. The stock had previously closed at $66.75.

Franklin FTSE South Korea ETF Stock Up 6.8%

The company’s 50 day moving average is $56.87 and its 200 day moving average is $44.71. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 10.49 and a beta of 1.46.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

Several institutional investors and hedge funds have recently modified their holdings of FLKR. Jane Street Group LLC acquired a new position in shares of Franklin FTSE South Korea ETF in the first quarter valued at about $366,000. EverSource Wealth Advisors LLC grew its holdings in shares of Franklin FTSE South Korea ETF by 121.0% during the 2nd 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. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Franklin FTSE South Korea ETF during the 2nd quarter valued at approximately $4,140,000. Osaic Holdings Inc. grew its holdings in shares of Franklin FTSE South Korea ETF by 2,424.3% during the 2nd quarter. Osaic Holdings Inc. now owns 12,470 shares of the company’s stock valued at $305,000 after purchasing an additional 11,976 shares during the last quarter. Finally, Cercano Management LLC bought a new stake in shares of Franklin FTSE South Korea ETF during the 3rd quarter valued at approximately $7,117,000.

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.