Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Sees Strong Trading Volume – Should You Buy?

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) shares saw an uptick in trading volume on Wednesday . 490,521 shares were traded during mid-day trading, an increase of 104% from the previous session’s volume of 239,882 shares.The stock last traded at $21.19 and had previously closed at $20.59.

Franklin FTSE Brazil ETF Stock Down 0.3%

The stock’s 50-day moving average is $21.79 and its 200-day moving average is $22.91. The firm has a market cap of $517.83 million, a P/E ratio of 9.04 and a beta of 0.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. O Brien Greene & Co. Inc raised its position in shares of Franklin FTSE Brazil ETF by 9.0% during the fourth quarter. O Brien Greene & Co. Inc now owns 634,591 shares of the company’s stock valued at $12,089,000 after buying an additional 52,418 shares during the last quarter. Morningstar Investment Management LLC grew its position in Franklin FTSE Brazil ETF by 42.5% during the first quarter. Morningstar Investment Management LLC now owns 341,071 shares of the company’s stock worth $8,148,000 after buying an additional 101,763 shares in the last quarter. Royal Bank of Canada increased its stake in Franklin FTSE Brazil ETF by 83.7% during the first quarter. Royal Bank of Canada now owns 238,026 shares of the company’s stock valued at $5,686,000 after acquiring an additional 108,477 shares during the period. Citadel Advisors LLC bought a new position in Franklin FTSE Brazil ETF during the third quarter valued at about $3,620,000. Finally, Empowered Funds LLC bought a new position in Franklin FTSE Brazil ETF during the first quarter valued at about $3,092,000.

About Franklin FTSE Brazil ETF

The Franklin FTSE Brazil ETF (FLBR) is an exchange-traded fund that is based on the FTSE Brazil RIC Capped index. The fund tracks a market cap-weighted index of Brazilian large- and mid-cap stocks. FLBR was launched on Nov 3, 2017 and is managed by Franklin Templeton.