Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Stock Price Up 1.5% – Time to Buy?

Franklin FTSE South Korea ETF (NYSEARCA:FLKR)’s share price was up 1.5% during mid-day trading on Thursday. The company traded as high as $61.14 and last traded at $61.03. Approximately 845,447 shares traded hands during trading, an increase of 25% from the average session volume of 677,683 shares. The stock had previously closed at $60.13.

Franklin FTSE South Korea ETF Price Performance

The firm has a fifty day simple moving average of $58.13 and a 200 day simple moving average of $56.28. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 10.49 and a beta of 1.51.

Institutional Trading of Franklin FTSE South Korea ETF

Several large investors have recently modified their holdings of FLKR. MRA Advisory Group bought a new position in Franklin FTSE South Korea ETF in the 2nd quarter worth $272,000. Boltwood Capital Management boosted its holdings in 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 valued at $1,135,000 after acquiring an additional 200 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Franklin FTSE South Korea ETF by 50.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the company’s stock valued at $73,000 after acquiring an additional 608 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Franklin FTSE South Korea ETF in the first quarter valued at about $382,000. Finally, Spartan Wealth Advisory Services LLC acquired a new stake in shares of Franklin FTSE South Korea ETF in the first quarter valued at about $1,334,000.

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.