Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Reaches New 52-Week High – Still a Buy?

Franklin FTSE South Korea ETF (NYSEARCA:FLKR)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $70.59 and last traded at $70.40, with a volume of 104562 shares changing hands. The stock had previously closed at $66.75.

Franklin FTSE South Korea ETF Stock Performance

The business’s fifty day moving average is $56.87 and its 200-day moving average is $44.71. The firm has a market cap of $1.05 billion, a P/E ratio of 10.49 and a beta of 1.46.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FLKR. EverSource Wealth Advisors LLC raised its holdings in 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 worth $30,000 after purchasing an additional 674 shares during the last quarter. Fiduciary Financial Group LLC bought a new position in Franklin FTSE South Korea ETF during the 4th quarter worth approximately $204,000. Greenline Partners LLC bought a new position in Franklin FTSE South Korea ETF during the 3rd quarter worth approximately $208,000. Summit Financial LLC bought a new position in Franklin FTSE South Korea ETF during the 4th quarter worth approximately $217,000. Finally, Osaic Holdings Inc. raised its holdings in 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 worth $305,000 after purchasing an additional 11,976 shares during the last quarter.

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.