Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Large Volume Increase – Time to Buy?

Franklin FTSE South Korea ETF (NYSEARCA:FLKRGet Free Report) saw an uptick in trading volume on Friday . Approximately 720,827 shares traded hands during mid-day trading, an increase of 15% from the previous session’s volume of 627,711 shares.The stock last traded at $53.44 and had previously closed at $53.37.

Franklin FTSE South Korea ETF Trading Up 2.2%

The stock has a market cap of $1.18 billion, a PE ratio of 10.49 and a beta of 1.46. The business has a fifty day simple moving average of $62.34 and a two-hundred day simple moving average of $49.35.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLKR. MRA Advisory Group purchased a new position in Franklin FTSE South Korea ETF during the second quarter valued at $272,000. Boltwood Capital Management lifted its position in Franklin FTSE South Korea ETF by 1.2% during the 2nd quarter. Boltwood Capital Management now owns 17,175 shares of the company’s stock valued at $1,135,000 after acquiring an additional 200 shares during the period. EverSource Wealth Advisors LLC lifted its position in Franklin FTSE South Korea ETF by 50.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the company’s stock valued at $73,000 after acquiring an additional 608 shares during the period. Cetera Investment Advisers bought a new stake in Franklin FTSE South Korea ETF during the first quarter worth about $382,000. Finally, Spartan Wealth Advisory Services LLC bought a new stake in Franklin FTSE South Korea ETF during the first quarter worth about $1,334,000.

About Franklin FTSE South Korea ETF

(Get Free Report)

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.

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