Morningstar Investment Management LLC Makes New Investment in Franklin FTSE Brazil ETF (NYSEARCA:FLBR)

Morningstar Investment Management LLC bought a new stake in Franklin FTSE Brazil ETF (NYSEARCA:FLBR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 201,947 shares of the company’s stock, valued at approximately $3,337,000. Morningstar Investment Management LLC owned 1.82% of Franklin FTSE Brazil ETF at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. CX Institutional purchased a new stake in Franklin FTSE Brazil ETF during the 1st quarter worth $100,000. Bank of America Corp DE grew its stake in Franklin FTSE Brazil ETF by 269.5% during the 4th quarter. Bank of America Corp DE now owns 11,883 shares of the company’s stock valued at $168,000 after purchasing an additional 8,667 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in Franklin FTSE Brazil ETF during the 1st quarter worth approximately $170,000. Comprehensive Money Management Services LLC acquired a new position in shares of Franklin FTSE Brazil ETF in the 4th quarter valued at approximately $197,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Franklin FTSE Brazil ETF by 5.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,207 shares of the company’s stock valued at $235,000 after buying an additional 682 shares during the last quarter.

Franklin FTSE Brazil ETF Price Performance

NYSEARCA FLBR opened at $16.52 on Tuesday. The company has a market capitalization of $196.59 million, a price-to-earnings ratio of 9.04 and a beta of 0.98. Franklin FTSE Brazil ETF has a 12 month low of $13.98 and a 12 month high of $18.82. The company’s fifty day moving average price is $17.50 and its two-hundred day moving average price is $16.54.

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.