Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Sees Strong Trading Volume – Here’s What Happened

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) saw strong trading volume on Wednesday . 490,521 shares were traded during mid-day trading, an increase of 104% from the previous session’s volume of 239,882 shares.The stock last traded at $21.19 and had previously closed at $20.59.

Franklin FTSE Brazil ETF Stock Up 2.4%

The stock’s 50 day moving average price is $21.81 and its two-hundred day moving average price is $22.93. The stock has a market cap of $518.57 million, a price-to-earnings ratio of 9.04 and a beta of 0.62.

Institutional Investors Weigh In On Franklin FTSE Brazil ETF

Hedge funds have recently added to or reduced their stakes in the business. Morningstar Investment Management LLC purchased a new stake in shares of Franklin FTSE Brazil ETF during the third quarter worth approximately $5,054,000. Citadel Advisors LLC purchased a new position in Franklin FTSE Brazil ETF in the 3rd quarter valued at $3,620,000. Empowered Funds LLC purchased a new position in Franklin FTSE Brazil ETF in the 1st quarter valued at $3,092,000. Jane Street Group LLC acquired a new stake in Franklin FTSE Brazil ETF during the 2nd quarter worth $2,416,000. Finally, Royal Bank of Canada boosted its stake in Franklin FTSE Brazil ETF by 884.5% during the 4th quarter. Royal Bank of Canada now owns 129,549 shares of the company’s stock worth $2,468,000 after purchasing an additional 116,390 shares during 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.