Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Share Price Breaks Below 200 Day Moving Average – Here’s Why

Franklin FTSE Brazil ETF (NYSEARCA:FLBR)’s share price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $23.06 and traded as low as $19.71. Franklin FTSE Brazil ETF shares last traded at $21.44, with a volume of 2,428,582 shares trading hands.

Franklin FTSE Brazil ETF Stock Performance

The firm has a market capitalization of $560.46 million, a price-to-earnings ratio of 9.04 and a beta of 0.57. The firm’s 50-day moving average price is $23.97 and its two-hundred day moving average price is $23.08.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its holdings in Franklin FTSE Brazil ETF by 11.0% during the first quarter. Parallel Advisors LLC now owns 4,987 shares of the company’s stock valued at $119,000 after purchasing an additional 494 shares in the last quarter. Armstrong Advisory Group Inc. raised its holdings in shares of Franklin FTSE Brazil ETF by 31.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 9,374 shares of the company’s stock worth $219,000 after buying an additional 2,250 shares in the last quarter. Boltwood Capital Management acquired a new position in shares of Franklin FTSE Brazil ETF in the 3rd quarter worth approximately $220,000. Total Clarity Wealth Management Inc. raised its holdings in shares of Franklin FTSE Brazil ETF by 13.6% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 25,009 shares of the company’s stock worth $585,000 after buying an additional 2,999 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Franklin FTSE Brazil ETF in the 2nd quarter worth approximately $718,000.

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.