Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Shares Gap Up – Here’s Why

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) shares gapped up prior to trading on Monday . The stock had previously closed at $56.22, but opened at $60.10. Franklin FTSE South Korea ETF shares last traded at $60.06, with a volume of 218,858 shares.

Franklin FTSE South Korea ETF Stock Performance

The company’s 50-day moving average price is $53.11 and its two-hundred day moving average price is $42.85. The stock has a market cap of $889.78 million, a PE ratio of 10.49 and a beta of 1.46.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

A number of large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in Franklin FTSE South Korea ETF by 50.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the company’s stock worth $73,000 after purchasing an additional 608 shares during the period. Cetera Investment Advisers bought a new stake in shares of Franklin FTSE South Korea ETF during the 1st quarter valued at about $382,000. Spartan Wealth Advisory Services LLC bought a new stake in shares of Franklin FTSE South Korea ETF during the 1st quarter valued at about $1,334,000. Wealthfront Advisers LLC bought a new stake in shares of Franklin FTSE South Korea ETF during the 1st quarter valued at about $723,000. Finally, Hsbc Holdings PLC bought a new stake in Franklin FTSE South Korea ETF during the fourth quarter worth about $722,000.

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.