Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Reaches New 1-Year High – Should You Buy?

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) reached a new 52-week high on Tuesday . The company traded as high as $62.92 and last traded at $62.53, with a volume of 952879 shares. The stock had previously closed at $61.47.

Franklin FTSE South Korea ETF Stock Performance

The company has a 50 day moving average of $46.25 and a 200-day moving average of $39.19. The stock has a market cap of $905.17 million, a price-to-earnings ratio of 10.49 and a beta of 1.39.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in Franklin FTSE South Korea ETF by 121.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock worth $30,000 after acquiring an additional 674 shares in the last quarter. Fiduciary Financial Group LLC acquired a new position in Franklin FTSE South Korea ETF during the 4th quarter worth about $204,000. Summit Financial LLC acquired a new position in Franklin FTSE South Korea ETF during the 4th quarter worth about $217,000. Greenline Partners LLC acquired a new position in Franklin FTSE South Korea ETF during the 3rd quarter worth about $208,000. Finally, Cetera Investment Advisers acquired a new position in Franklin FTSE South Korea ETF during the 1st quarter worth about $382,000.

About Franklin FTSE South Korea ETF

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.