MMA Asset Management LLC Acquires Shares of 90,206 Franklin FTSE Brazil ETF $FLBR

MMA Asset Management LLC acquired a new stake in Franklin FTSE Brazil ETF (NYSEARCA:FLBR) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 90,206 shares of the company’s stock, valued at approximately $1,620,000.

A number of other hedge funds have also recently bought and sold shares of FLBR. Morningstar Investment Management LLC bought a new position in Franklin FTSE Brazil ETF in the 1st quarter valued at $3,337,000. Empowered Funds LLC bought a new position in Franklin FTSE Brazil ETF in the 1st quarter valued at $3,092,000. Bank of Nova Scotia bought a new position in Franklin FTSE Brazil ETF in the 1st quarter valued at $2,519,000. OLD Mission Capital LLC bought a new position in Franklin FTSE Brazil ETF in the 1st quarter valued at $1,880,000. Finally, Kovitz Investment Group Partners LLC bought a new position in Franklin FTSE Brazil ETF in the 1st quarter valued at $1,191,000.

Franklin FTSE Brazil ETF Stock Performance

Shares of FLBR opened at $19.09 on Monday. The firm has a market capitalization of $248.17 million, a price-to-earnings ratio of 9.04 and a beta of 0.88. The business’s fifty day moving average price is $18.49 and its two-hundred day moving average price is $17.73. Franklin FTSE Brazil ETF has a 52 week low of $13.98 and a 52 week high of $19.29.

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.