Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Shares Gap Down – Time to Sell?

Franklin FTSE South Korea ETF (NYSEARCA:FLKRGet Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $66.08, but opened at $62.15. Franklin FTSE South Korea ETF shares last traded at $62.97, with a volume of 309,102 shares.

Franklin FTSE South Korea ETF Stock Performance

The company has a 50 day simple moving average of $61.18 and a two-hundred day simple moving average of $47.40. The company has a market cap of $1.22 billion, a PE ratio of 10.49 and a beta of 1.46.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in Franklin FTSE South Korea ETF in the 1st quarter valued at approximately $366,000. EverSource Wealth Advisors LLC boosted its stake in shares of Franklin FTSE South Korea ETF by 121.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock valued at $30,000 after buying an additional 674 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Franklin FTSE South Korea ETF during the 2nd quarter valued at $4,140,000. Osaic Holdings Inc. grew its holdings in shares of Franklin FTSE South Korea ETF by 2,424.3% during the 2nd quarter. Osaic Holdings Inc. now owns 12,470 shares of the company’s stock valued at $305,000 after acquiring an additional 11,976 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new position in shares of Franklin FTSE South Korea ETF during the 3rd quarter valued at $2,622,000.

About Franklin FTSE South Korea ETF

(Get Free Report)

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.

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