Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Sees Strong Trading Volume – What’s Next?

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) shares saw strong trading volume on Thursday . 482,102 shares changed hands during trading, an increase of 71% from the previous session’s volume of 281,992 shares.The stock last traded at $22.71 and had previously closed at $22.66.

Franklin FTSE Brazil ETF Price Performance

The firm has a market cap of $562 million, a PE ratio of 9.04 and a beta of 0.66. The stock has a 50-day moving average price of $24.03 and a 200 day moving average price of $22.25.

Institutional Trading of Franklin FTSE Brazil ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in shares of Franklin FTSE Brazil ETF by 30.6% during the 1st quarter. Bank of America Corp DE now owns 76,371 shares of the company’s stock valued at $1,825,000 after acquiring an additional 17,889 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Franklin FTSE Brazil ETF by 83.7% in the first quarter. Royal Bank of Canada now owns 238,026 shares of the company’s stock worth $5,686,000 after acquiring an additional 108,477 shares during the last quarter. Morningstar Investment Management LLC boosted its position in shares of Franklin FTSE Brazil ETF by 42.5% in the first quarter. Morningstar Investment Management LLC now owns 341,071 shares of the company’s stock worth $8,148,000 after acquiring an additional 101,763 shares during the last quarter. Parallel Advisors LLC grew its holdings in Franklin FTSE Brazil ETF by 11.0% in the first quarter. Parallel Advisors LLC now owns 4,987 shares of the company’s stock valued at $119,000 after purchasing an additional 494 shares during the period. Finally, ES4 LLC grew its holdings in Franklin FTSE Brazil ETF by 244.5% in the first quarter. ES4 LLC now owns 41,600 shares of the company’s stock valued at $994,000 after purchasing an additional 29,524 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.