Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Shares Gap Down – Here’s What Happened

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) gapped down prior to trading on Monday . The stock had previously closed at $60.04, but opened at $55.94. Franklin FTSE South Korea ETF shares last traded at $55.80, with a volume of 191,448 shares trading hands.

Franklin FTSE South Korea ETF Stock Up 4.7%

The firm has a market capitalization of $1.25 billion, a P/E ratio of 10.49 and a beta of 1.46. The firm has a 50 day moving average of $62.47 and a 200-day moving average of $49.02.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of Franklin FTSE South Korea ETF during the 1st quarter worth $366,000. EverSource Wealth Advisors LLC raised its stake in Franklin FTSE South Korea ETF by 121.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock valued at $30,000 after purchasing an additional 674 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Franklin FTSE South Korea ETF in the second quarter valued at about $4,140,000. Osaic Holdings Inc. lifted its position in Franklin FTSE South Korea ETF by 2,424.3% during the second quarter. Osaic Holdings Inc. now owns 12,470 shares of the company’s stock worth $305,000 after purchasing an additional 11,976 shares during the period. Finally, Bank of Nova Scotia bought a new stake in Franklin FTSE South Korea ETF during the third quarter worth about $2,622,000.

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.