Shares of Franklin FTSE Brazil ETF (NYSEARCA:FLBR – Get Free Report) gapped down prior to trading on Monday. The stock had previously closed at $26.78, but opened at $19.91. Franklin FTSE Brazil ETF shares last traded at $20.6050, with a volume of 420,264 shares changing hands.
Franklin FTSE Brazil ETF Stock Up 0.6%
The firm has a market cap of $573.50 million, a P/E ratio of 9.04 and a beta of 0.57. The stock’s 50-day simple moving average is $23.96 and its 200 day simple moving average is $23.07.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its stake in Franklin FTSE Brazil ETF by 83.7% during the first quarter. Royal Bank of Canada now owns 238,026 shares of the company’s stock worth $5,686,000 after purchasing an additional 108,477 shares during the period. Morningstar Investment Management LLC boosted its holdings in shares of Franklin FTSE Brazil ETF by 42.5% during the 1st quarter. Morningstar Investment Management LLC now owns 341,071 shares of the company’s stock worth $8,148,000 after buying an additional 101,763 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Franklin FTSE Brazil ETF during the 2nd quarter worth approximately $718,000. ES4 LLC grew its position in shares of Franklin FTSE Brazil ETF by 244.5% during the 1st quarter. ES4 LLC now owns 41,600 shares of the company’s stock worth $994,000 after buying an additional 29,524 shares during the period. Finally, Bank of America Corp DE grew its position 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 worth $1,825,000 after buying an additional 17,889 shares during the period.
About Franklin FTSE Brazil ETF
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.
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