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

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) shares saw strong trading volume on Wednesday . 483,946 shares were traded during trading, an increase of 105% from the previous session’s volume of 236,347 shares.The stock last traded at $23.5590 and had previously closed at $23.59.

Franklin FTSE Brazil ETF Trading Down 0.1%

The company has a 50-day moving average price of $22.28 and a two-hundred day moving average price of $22.84. The stock has a market capitalization of $579.67 million, a P/E ratio of 9.04 and a beta of 0.62.

Institutional Investors Weigh In On Franklin FTSE Brazil ETF

Large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its stake in Franklin FTSE Brazil ETF by 11.0% in the first quarter. Parallel Advisors LLC now owns 4,987 shares of the company’s stock valued at $119,000 after buying an additional 494 shares during the period. ES4 LLC bought a new position in shares of Franklin FTSE Brazil ETF during the 4th quarter worth approximately $230,000. Bank of America Corp DE boosted its holdings in shares of Franklin FTSE Brazil ETF by 30.6% during the 1st quarter. Bank of America Corp DE now owns 76,371 shares of the company’s stock worth $1,825,000 after buying an additional 17,889 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Franklin FTSE Brazil ETF during the 2nd quarter worth approximately $718,000. Finally, Morningstar Investment Management LLC grew its position in shares of Franklin FTSE Brazil ETF by 42.5% during the 1st quarter. Morningstar Investment Management LLC now owns 341,071 shares of the company’s stock worth $8,148,000 after buying an additional 101,763 shares during the period.

About Franklin FTSE Brazil ETF

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.