Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Strong Trading Volume – Here’s What Happened

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) saw unusually-high trading volume on Wednesday . Approximately 2,604,978 shares changed hands during trading, an increase of 455% from the previous session’s volume of 469,306 shares.The stock last traded at $44.96 and had previously closed at $41.30.

Franklin FTSE South Korea ETF Price Performance

The business’s fifty day moving average is $42.26 and its 200-day moving average is $35.24. The firm has a market cap of $508.10 million, a PE ratio of 10.49 and a beta of 1.24.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLKR. EverSource Wealth Advisors LLC boosted its position in Franklin FTSE South Korea ETF by 121.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock worth $30,000 after purchasing an additional 674 shares during the period. Fiduciary Financial Group LLC bought a new position in Franklin FTSE South Korea ETF during the fourth quarter worth about $204,000. Greenline Partners LLC bought a new position in Franklin FTSE South Korea ETF during the third quarter worth about $208,000. Summit Financial LLC bought a new position in Franklin FTSE South Korea ETF during the fourth quarter worth about $217,000. Finally, Osaic Holdings Inc. boosted its position in Franklin FTSE South Korea ETF by 2,424.3% during the second quarter. Osaic Holdings Inc. now owns 12,470 shares of the company’s stock worth $305,000 after purchasing an additional 11,976 shares during the period.

Franklin FTSE South Korea ETF Company Profile

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.