Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Strong Trading Volume – Time to Buy?

Franklin FTSE South Korea ETF (NYSEARCA:FLKRGet Free Report) shares saw an uptick in trading volume on Friday . 1,577,062 shares were traded during trading, an increase of 144% from the previous session’s volume of 645,289 shares.The stock last traded at $52.25 and had previously closed at $52.69.

Franklin FTSE South Korea ETF Stock Down 1.0%

The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 10.49 and a beta of 1.46. The stock has a fifty day moving average price of $61.10 and a 200-day moving average price of $50.72.

Institutional Investors Weigh In On Franklin FTSE South Korea ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Franklin FTSE South Korea ETF during the 2nd quarter worth approximately $4,140,000. Empowered Funds LLC purchased a new position in Franklin FTSE South Korea ETF in the 4th quarter valued at about $5,104,000. Goldman Sachs Group Inc. boosted its position in Franklin FTSE South Korea ETF by 492.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 178,923 shares of the company’s stock worth $5,734,000 after acquiring an additional 148,714 shares during the last quarter. Vident Advisory LLC grew its position in shares of Franklin FTSE South Korea ETF by 1,154.9% in the fourth quarter. Vident Advisory LLC now owns 108,363 shares of the company’s stock valued at $3,473,000 after purchasing an additional 99,728 shares during the period. Finally, Bank of Nova Scotia acquired a new stake in shares of Franklin FTSE South Korea ETF in the third quarter worth approximately $2,622,000.

About Franklin FTSE South Korea ETF

(Get Free Report)

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.

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