Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Reaches New 12-Month High – Time to Buy?

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $24.92 and last traded at $24.65, with a volume of 101361 shares trading hands. The stock had previously closed at $24.00.

Franklin FTSE Brazil ETF Stock Up 2.6%

The firm’s 50-day simple moving average is $23.20 and its 200-day simple moving average is $20.86. The firm has a market capitalization of $519.48 million, a PE ratio of 9.04 and a beta of 0.79.

Institutional Trading of Franklin FTSE Brazil ETF

Several institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its position in Franklin FTSE Brazil ETF by 6.7% during the second quarter. Osaic Holdings Inc. now owns 18,659 shares of the company’s stock valued at $335,000 after buying an additional 1,174 shares during the period. Parallel Advisors LLC boosted its position in Franklin FTSE Brazil ETF by 44.4% during the fourth quarter. Parallel Advisors LLC now owns 4,493 shares of the company’s stock valued at $86,000 after buying an additional 1,382 shares during the period. MMA Asset Management LLC boosted its holdings in shares of Franklin FTSE Brazil ETF by 1.5% during the fourth quarter. MMA Asset Management LLC now owns 119,064 shares of the company’s stock worth $2,268,000 after purchasing an additional 1,802 shares during the period. Wealthfront Advisers LLC grew its stake in shares of Franklin FTSE Brazil ETF by 9.3% in the third quarter. Wealthfront Advisers LLC now owns 21,433 shares of the company’s stock worth $408,000 after purchasing an additional 1,822 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Franklin FTSE Brazil ETF in the fourth quarter worth about $37,000.

About Franklin FTSE Brazil ETF

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.