Franklin FTSE Brazil ETF (NYSEARCA:FLBR – Get Free Report) shares saw unusually-strong trading volume on Tuesday . 985,250 shares were traded during mid-day trading, an increase of 321% from the previous session’s volume of 233,829 shares.The stock last traded at $23.60 and had previously closed at $23.80.
Franklin FTSE Brazil ETF Price Performance
The stock has a market cap of $628.72 million, a price-to-earnings ratio of 9.04 and a beta of 0.62. The company’s fifty day simple moving average is $22.41 and its two-hundred day simple moving average is $22.84.
Hedge Funds Weigh In On Franklin FTSE Brazil ETF
Large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its stake in shares of Franklin FTSE Brazil ETF by 11.0% in the first quarter. Parallel Advisors LLC now owns 4,987 shares of the company’s stock worth $119,000 after purchasing an additional 494 shares in the last quarter. ES4 LLC purchased a new stake in shares of Franklin FTSE Brazil ETF during the 4th quarter valued at approximately $230,000. Bank of America Corp DE lifted its stake 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 valued at $1,825,000 after buying an additional 17,889 shares in the last quarter. Citadel Advisors LLC bought a new position in Franklin FTSE Brazil ETF in the 2nd quarter worth approximately $718,000. Finally, Morningstar Investment Management LLC boosted its holdings in Franklin FTSE Brazil ETF by 42.5% in 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.
Franklin FTSE Brazil ETF Company Profile
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.
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