Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Shares Climb 4.4% – Time to Buy?

Shares of Franklin FTSE South Korea ETF (NYSEARCA:FLKR) shot up 4.4% during trading on Wednesday. The stock traded as high as $53.91 and last traded at $54.13. 83,051 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 690,604 shares. The stock had previously closed at $51.86.

Franklin FTSE South Korea ETF Trading Up 4.2%

The business’s 50-day simple moving average is $58.03 and its 200 day simple moving average is $52.68. The firm has a market cap of $1.83 billion, a PE ratio of 10.49 and a beta of 1.51.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

Hedge funds have recently bought and sold shares of the company. Boltwood Capital Management raised its position in shares of Franklin FTSE South Korea ETF by 1.2% during the 2nd quarter. Boltwood Capital Management now owns 17,175 shares of the company’s stock worth $1,135,000 after acquiring an additional 200 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake 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 worth $73,000 after buying an additional 608 shares during the period. Marotta Asset Management raised its position in shares of Franklin FTSE South Korea ETF by 3.8% in the 3rd quarter. Marotta Asset Management now owns 68,267 shares of the company’s stock valued at $4,105,000 after purchasing an additional 2,498 shares in the last quarter. MRA Advisory Group acquired a new position in shares of Franklin FTSE South Korea ETF in the 2nd quarter valued at about $272,000. Finally, Leo Wealth LLC bought a new position in shares of Franklin FTSE South Korea ETF in the third quarter worth $319,000.

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.