Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Shares Gap Down – Should You Sell?

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) shares gapped down before the market opened on Monday. The stock had previously closed at $26.78, but opened at $19.91. Franklin FTSE Brazil ETF shares last traded at $20.6050, with a volume of 420,264 shares traded.

Franklin FTSE Brazil ETF Trading Down 21.3%

The stock has a 50 day simple moving average of $23.99 and a 200 day simple moving average of $23.25. The firm has a market capitalization of $560.86 million, a PE ratio of 9.04 and a beta of 0.57.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FLBR. Parallel Advisors LLC raised its holdings in Franklin FTSE Brazil ETF by 11.0% during the 1st quarter. Parallel Advisors LLC now owns 4,987 shares of the company’s stock valued at $119,000 after buying an additional 494 shares during the last quarter. Armstrong Advisory Group Inc. boosted its position in Franklin FTSE Brazil ETF by 31.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 9,374 shares of the company’s stock valued at $219,000 after buying an additional 2,250 shares during the period. Boltwood Capital Management bought a new stake in Franklin FTSE Brazil ETF in the 3rd quarter worth $220,000. Citadel Advisors LLC bought a new stake in Franklin FTSE Brazil ETF in the 2nd quarter worth $718,000. Finally, ES4 LLC grew its holdings in Franklin FTSE Brazil ETF by 244.5% in the 1st quarter. ES4 LLC now owns 41,600 shares of the company’s stock worth $994,000 after acquiring an additional 29,524 shares during the last quarter.

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.