Morningstar Investment Management LLC Has $4.62 Million Stock Holdings in Franklin FTSE Brazil ETF (NYSEARCA:FLBR)

Morningstar Investment Management LLC raised its stake in shares of Franklin FTSE Brazil ETF (NYSEARCA:FLBR – Get Rating) by 24.1% during the 4th quarter, HoldingsChannel reports. The firm owned 267,926 shares of the company’s stock after purchasing an additional 52,083 shares during the quarter. Franklin FTSE Brazil ETF comprises 1.2% of Morningstar Investment Management LLC’s holdings, making the stock its 22nd biggest position. Morningstar Investment Management LLC’s holdings in Franklin FTSE Brazil ETF were worth $4,616,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. boosted its stake in Franklin FTSE Brazil ETF by 1,942.6% during the first quarter. Advisor Group Holdings Inc. now owns 2,349 shares of the company’s stock worth $56,000 after buying an additional 2,234 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Franklin FTSE Brazil ETF during the first quarter valued at $281,000. Lumbard & Kellner LLC lifted its holdings in shares of Franklin FTSE Brazil ETF by 15.7% during the first quarter. Lumbard & Kellner LLC now owns 279,271 shares of the company’s stock valued at $6,574,000 after acquiring an additional 37,806 shares during the period. Jane Street Group LLC lifted its holdings in shares of Franklin FTSE Brazil ETF by 96.5% during the first quarter. Jane Street Group LLC now owns 147,533 shares of the company’s stock valued at $3,473,000 after acquiring an additional 72,471 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Franklin FTSE Brazil ETF by 144.4% during the first quarter. Bank of America Corp DE now owns 1,056 shares of the company’s stock valued at $25,000 after acquiring an additional 624 shares during the period.

Franklin FTSE Brazil ETF Stock Performance

Shares of NYSEARCA FLBR traded up $0.08 during midday trading on Friday, reaching $18.22. 4,920 shares of the company traded hands, compared to its average volume of 133,090. The firm has a market cap of $291.52 million, a PE ratio of 5.97 and a beta of 0.98. The stock’s 50-day simple moving average is $17.29 and its 200-day simple moving average is $17.58. Franklin FTSE Brazil ETF has a 12 month low of $15.35 and a 12 month high of $22.28.

Franklin FTSE Brazil ETF Company Profile

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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.