Marotta Asset Management Cuts Holdings in Franklin FTSE South Korea ETF $FLKR

Marotta Asset Management reduced its holdings in Franklin FTSE South Korea ETF (NYSEARCA:FLKR) by 38.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,516 shares of the company’s stock after selling 53,883 shares during the quarter. Marotta Asset Management owned about 1.18% of Franklin FTSE South Korea ETF worth $2,805,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its holdings in Franklin FTSE South Korea ETF by 121.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock worth $30,000 after acquiring an additional 674 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Franklin FTSE South Korea ETF by 8.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,983 shares of the company’s stock valued at $308,000 after acquiring an additional 826 shares during the period. Bank of Montreal Can purchased a new stake in shares of Franklin FTSE South Korea ETF during the 2nd quarter worth $177,000. Greenline Partners LLC purchased a new stake in shares of Franklin FTSE South Korea ETF during the 3rd quarter worth $208,000. Finally, Leavell Investment Management Inc. grew its stake in shares of Franklin FTSE South Korea ETF by 7.6% during the 3rd quarter. Leavell Investment Management Inc. now owns 113,636 shares of the company’s stock worth $3,067,000 after purchasing an additional 8,049 shares during the period.

Franklin FTSE South Korea ETF Stock Down 6.6%

NYSEARCA:FLKR opened at $40.79 on Friday. The firm’s fifty day simple moving average is $41.48 and its 200-day simple moving average is $33.91. The stock has a market cap of $363.03 million, a PE ratio of 10.49 and a beta of 1.23. Franklin FTSE South Korea ETF has a fifty-two week low of $16.54 and a fifty-two week high of $49.95.

Franklin FTSE South Korea ETF 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.