Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Shares Climb 4.4% – Still a Buy?

Franklin FTSE South Korea ETF (NYSEARCA:FLKR)’s share price traded up 4.4% on Wednesday. The company traded as high as $53.91 and last traded at $54.13. Approximately 83,051 shares traded hands during trading, a decline of 88% from the average daily volume of 690,604 shares. The stock had previously closed at $51.86.

Franklin FTSE South Korea ETF Stock Up 4.2%

The firm has a market capitalization of $1.83 billion, a P/E ratio of 10.49 and a beta of 1.51. The stock has a fifty day moving average of $58.03 and a 200-day moving average of $52.68.

Institutional Trading of Franklin FTSE South Korea ETF

A number of hedge funds have recently bought and sold shares of FLKR. Marotta Asset Management raised its stake in shares of Franklin FTSE South Korea ETF by 3.8% in the third quarter. Marotta Asset Management now owns 68,267 shares of the company’s stock valued at $4,105,000 after buying an additional 2,498 shares during the period. Spartan Wealth Advisory Services LLC purchased a new position in shares of Franklin FTSE South Korea ETF during the 1st quarter valued at about $1,334,000. Boltwood Capital Management purchased a new stake in shares of Franklin FTSE South Korea ETF in the 3rd quarter valued at $1,505,000. Hsbc Holdings PLC bought a new position in shares of Franklin FTSE South Korea ETF during the fourth quarter valued at about $722,000. Finally, Wealthfront Advisers LLC purchased a new stake in shares of Franklin FTSE South Korea ETF during the first quarter valued at approximately $723,000.

Franklin FTSE South Korea ETF Company Profile

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.