Allianz Asset Management GmbH Trims Stock Holdings in Franklin FTSE Australia ETF $FLAU

Allianz Asset Management GmbH reduced its holdings in shares of Franklin FTSE Australia ETF (NYSEARCA:FLAU) by 26.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 899,342 shares of the company’s stock after selling 317,446 shares during the quarter. Allianz Asset Management GmbH owned 43.87% of Franklin FTSE Australia ETF worth $27,887,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC boosted its stake in shares of Franklin FTSE Australia ETF by 10.5% during the 1st quarter. Jane Street Group LLC now owns 11,480 shares of the company’s stock valued at $317,000 after buying an additional 1,094 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Franklin FTSE Australia ETF during the 1st quarter valued at approximately $668,000. Finally, Flow Traders U.S. LLC boosted its stake in shares of Franklin FTSE Australia ETF by 120.5% during the 1st quarter. Flow Traders U.S. LLC now owns 48,739 shares of the company’s stock valued at $1,347,000 after buying an additional 26,640 shares during the last quarter.

Franklin FTSE Australia ETF Trading Down 0.1%

Franklin FTSE Australia ETF stock opened at $32.13 on Friday. The stock has a market cap of $78.72 million, a P/E ratio of 20.41 and a beta of 1.06. Franklin FTSE Australia ETF has a 52 week low of $24.41 and a 52 week high of $32.90. The stock has a 50 day moving average of $32.12 and a 200-day moving average of $30.71.

Franklin FTSE Australia ETF Profile

The Franklin FTSE Australia ETF (FLAU) is an exchange-traded fund that is based on the FTSE Australia RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Australian stocks. FLAU was launched on Nov 2, 2017 and is managed by Franklin Templeton.