Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Unusually-High Trading Volume – Should You Buy?

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) saw strong trading volume on Wednesday . 833,447 shares changed hands during mid-day trading, an increase of 49% from the previous session’s volume of 558,255 shares.The stock last traded at $58.94 and had previously closed at $59.36.

Franklin FTSE South Korea ETF Stock Performance

The company has a market capitalization of $865.36 million, a PE ratio of 10.49 and a beta of 1.46. The stock’s fifty day simple moving average is $53.93 and its 200-day simple moving average is $43.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FLKR. Cercano Management LLC acquired a new position in shares of Franklin FTSE South Korea ETF during the 3rd quarter valued at about $7,117,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Franklin FTSE South Korea ETF during the 2nd quarter worth approximately $4,140,000. Empowered Funds LLC acquired a new stake in Franklin FTSE South Korea ETF in the fourth quarter valued at approximately $5,104,000. Goldman Sachs Group Inc. boosted its holdings in shares of Franklin FTSE South Korea ETF by 492.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 178,923 shares of the company’s stock valued at $5,734,000 after acquiring an additional 148,714 shares during the period. Finally, Vident Advisory LLC lifted its holdings in Franklin FTSE South Korea ETF by 1,154.9% in the fourth quarter. Vident Advisory LLC now owns 108,363 shares of the company’s stock worth $3,473,000 after purchasing an additional 99,728 shares during the period.

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.