Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Franklin FTSE South Korea ETF (NYSEARCA:FLKR) saw strong trading volume on Monday . 639,651 shares changed hands during trading, a decline of 2% from the previous session’s volume of 649,902 shares.The stock last traded at $59.87 and had previously closed at $59.50.

Franklin FTSE South Korea ETF Stock Down 2.6%

The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 10.49 and a beta of 1.49. The business’s 50 day simple moving average is $57.57 and its 200-day simple moving average is $53.71.

Institutional Trading of Franklin FTSE South Korea ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FLKR. EverSource Wealth Advisors LLC increased 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 last quarter. MRA Advisory Group acquired a new position in Franklin FTSE South Korea ETF during the second quarter valued at approximately $272,000. Summit Financial LLC bought a new stake in Franklin FTSE South Korea ETF during the fourth quarter worth $217,000. Greenline Partners LLC bought a new stake in Franklin FTSE South Korea ETF during the third quarter worth $208,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Franklin FTSE South Korea ETF in the 1st quarter valued at $382,000.

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.