Marotta Asset Management Sells 14,586 Shares of Franklin FTSE Switzerland ETF $FLSW

Marotta Asset Management trimmed its position in Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) by 5.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,951 shares of the company’s stock after selling 14,586 shares during the period. Franklin FTSE Switzerland ETF makes up approximately 1.9% of Marotta Asset Management’s portfolio, making the stock its 20th biggest position. Marotta Asset Management owned approximately 13.00% of Franklin FTSE Switzerland ETF worth $10,152,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FLSW. Sankala Group LLC bought a new position in Franklin FTSE Switzerland ETF in the fourth quarter worth approximately $163,000. Raymond James Financial Inc. purchased a new stake in Franklin FTSE Switzerland ETF in the 2nd quarter valued at $163,000. Bank of America Corp DE lifted its stake in Franklin FTSE Switzerland ETF by 2,165.4% during the 2nd quarter. Bank of America Corp DE now owns 7,861 shares of the company’s stock valued at $298,000 after acquiring an additional 7,514 shares in the last quarter. Jane Street Group LLC lifted its stake in Franklin FTSE Switzerland ETF by 20.7% during the 4th quarter. Jane Street Group LLC now owns 11,421 shares of the company’s stock valued at $474,000 after acquiring an additional 1,955 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. purchased a new position in Franklin FTSE Switzerland ETF during the 3rd quarter worth $583,000.

Franklin FTSE Switzerland ETF Price Performance

Shares of FLSW stock opened at $44.17 on Friday. The firm has a 50-day moving average of $42.97 and a 200-day moving average of $42.42. Franklin FTSE Switzerland ETF has a one year low of $36.03 and a one year high of $45.33. The company has a market cap of $83.92 million, a P/E ratio of 218.86 and a beta of 0.77.

Franklin FTSE Switzerland ETF Profile

The Franklin FTSE Switzerland ETF (FLSW) is an exchange-traded fund that is based on the FTSE Switzerland RIC Capped index, a market-cap-weighted index of Swiss equities, excluding small-caps. FLSW was launched on Feb 6, 2018 and is managed by Franklin Templeton.