Marotta Asset Management Acquires 17,798 Shares of Franklin FTSE Germany ETF $FLGR

Marotta Asset Management boosted its holdings in shares of Franklin FTSE Germany ETF (NYSEARCA:FLGR) by 8.9% in the fourth quarter, HoldingsChannel reports. The firm owned 217,963 shares of the company’s stock after acquiring an additional 17,798 shares during the period. Franklin FTSE Germany ETF makes up 1.4% of Marotta Asset Management’s portfolio, making the stock its 27th biggest position. Marotta Asset Management owned approximately 0.13% of Franklin FTSE Germany ETF worth $7,309,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new position in Franklin FTSE Germany ETF in the second quarter worth $793,000. Bank of America Corp DE grew its holdings in shares of Franklin FTSE Germany ETF by 8.1% during the third quarter. Bank of America Corp DE now owns 44,747 shares of the company’s stock worth $1,475,000 after purchasing an additional 3,370 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Franklin FTSE Germany ETF in the third quarter valued at $2,022,000.

Franklin FTSE Germany ETF Stock Down 3.9%

Franklin FTSE Germany ETF stock opened at $30.17 on Friday. The stock has a 50-day simple moving average of $33.80 and a 200 day simple moving average of $33.14. Franklin FTSE Germany ETF has a 12-month low of $25.87 and a 12-month high of $35.18. The stock has a market capitalization of $39.22 million, a price-to-earnings ratio of 17.93 and a beta of 1.04.

Franklin FTSE Germany ETF Profile

The Franklin FTSE Germany ETF (FLGR) is an exchange-traded fund that is based on the FTSE Germany RIC Capped index. The fund offers market cap-based exposure to large- and mid-cap German equities. FLGR was launched on Nov 2, 2017 and is managed by Franklin Templeton.