Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Shares Gap Down – Should You Sell?

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) gapped down prior to trading on Thursday . The stock had previously closed at $68.72, but opened at $64.41. Franklin FTSE South Korea ETF shares last traded at $63.95, with a volume of 187,306 shares changing hands.

Franklin FTSE South Korea ETF Stock Down 4.7%

The business has a fifty day moving average of $52.34 and a 200 day moving average of $42.43. The firm has a market cap of $969.10 million, a P/E ratio of 10.49 and a beta of 1.46.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLKR. EverSource Wealth Advisors LLC grew its stake in Franklin FTSE South Korea ETF by 121.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock valued at $30,000 after acquiring an additional 674 shares during the period. Fiduciary Financial Group LLC acquired a new position in Franklin FTSE South Korea ETF in the fourth quarter valued at about $204,000. Greenline Partners LLC acquired a new position in Franklin FTSE South Korea ETF in the third quarter valued at about $208,000. Summit Financial LLC acquired a new position in Franklin FTSE South Korea ETF in the fourth quarter valued at about $217,000. Finally, Osaic Holdings Inc. grew its stake in Franklin FTSE South Korea ETF by 2,424.3% in the second quarter. Osaic Holdings Inc. now owns 12,470 shares of the company’s stock valued at $305,000 after acquiring an additional 11,976 shares during the period.

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.