Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Sees Large Volume Increase – Here’s What Happened

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) saw an uptick in trading volume on Wednesday . Approximately 490,521 shares changed hands during mid-day trading, an increase of 104% from the previous session’s volume of 239,882 shares.The stock last traded at $21.19 and had previously closed at $20.59.

Franklin FTSE Brazil ETF Stock Performance

The company has a 50 day moving average price of $21.81 and a 200 day moving average price of $22.93. The firm has a market cap of $518.57 million, a price-to-earnings ratio of 9.04 and a beta of 0.62.

Institutional Trading of Franklin FTSE Brazil ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Morningstar Investment Management LLC acquired a new position in Franklin FTSE Brazil ETF in the third quarter valued at about $5,054,000. Citadel Advisors LLC purchased a new position in Franklin FTSE Brazil ETF during the third quarter worth about $3,620,000. Empowered Funds LLC acquired a new stake in shares of Franklin FTSE Brazil ETF during the first quarter valued at about $3,092,000. Jane Street Group LLC acquired a new stake in shares of Franklin FTSE Brazil ETF during the second quarter valued at about $2,416,000. Finally, Royal Bank of Canada raised its stake in shares of Franklin FTSE Brazil ETF by 884.5% in the 4th quarter. Royal Bank of Canada now owns 129,549 shares of the company’s stock valued at $2,468,000 after acquiring an additional 116,390 shares during the period.

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.