Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Shares Down 1.9% – Here’s What Happened

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) shares were down 1.9% during mid-day trading on Monday . The company traded as low as $15.77 and last traded at $15.79. Approximately 24,189 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 64,591 shares. The stock had previously closed at $16.10.

Franklin FTSE Brazil ETF Stock Performance

The company has a market capitalization of $135.79 million, a P/E ratio of 5.72 and a beta of 0.93. The company has a 50-day simple moving average of $15.06 and a 200 day simple moving average of $16.56.

Hedge Funds Weigh In On Franklin FTSE Brazil ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Eagle Bay Advisors LLC grew its position in Franklin FTSE Brazil ETF by 33.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 4,417 shares of the company’s stock worth $63,000 after purchasing an additional 1,095 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Franklin FTSE Brazil ETF in the third quarter valued at about $123,000. Bank of America Corp DE grew its position in Franklin FTSE Brazil ETF by 269.5% during the fourth quarter. Bank of America Corp DE now owns 11,883 shares of the company’s stock worth $168,000 after buying an additional 8,667 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in Franklin FTSE Brazil ETF by 7.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 17,834 shares of the company’s stock valued at $252,000 after acquiring an additional 1,204 shares during the period. Finally, Total Clarity Wealth Management Inc. raised its holdings in Franklin FTSE Brazil ETF by 8.9% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 22,529 shares of the company’s stock valued at $319,000 after acquiring an additional 1,840 shares in the last quarter.

Franklin FTSE Brazil ETF Company Profile

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.