Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Shares Gap Up – Still a Buy?

Shares of Franklin FTSE South Korea ETF (NYSEARCA:FLKR) gapped up before the market opened on Monday. The stock had previously closed at $49.94, but opened at $52.76. Franklin FTSE South Korea ETF shares last traded at $52.2020, with a volume of 140,580 shares traded.

Franklin FTSE South Korea ETF Price Performance

The business’s 50 day moving average is $59.07 and its 200-day moving average is $57.50. The company has a market cap of $1.61 billion, a PE ratio of 10.49 and a beta of 1.51.

Institutional Investors Weigh In On Franklin FTSE South Korea ETF

Large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in shares of Franklin FTSE South Korea ETF by 50.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the company’s stock worth $73,000 after purchasing an additional 608 shares during the last quarter. MRA Advisory Group acquired a new position in shares of Franklin FTSE South Korea ETF during the second quarter worth $272,000. Cetera Investment Advisers acquired a new position in shares of Franklin FTSE South Korea ETF during the first quarter worth $382,000. Boltwood Capital Management grew its stake in shares of Franklin FTSE South Korea ETF by 1.2% during the second quarter. Boltwood Capital Management now owns 17,175 shares of the company’s stock worth $1,135,000 after purchasing an additional 200 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in Franklin FTSE South Korea ETF in the first quarter valued at $723,000.

About Franklin FTSE South Korea ETF

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.