Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Franklin FTSE Brazil ETF (NYSEARCA:FLBR) saw unusually-strong trading volume on Wednesday . Approximately 866,305 shares changed hands during mid-day trading, an increase of 214% from the previous session’s volume of 276,092 shares.The stock last traded at $25.51 and had previously closed at $25.49.

Franklin FTSE Brazil ETF Trading Down 0.1%

The business’s fifty day moving average is $23.74 and its 200 day moving average is $21.33. The firm has a market capitalization of $575.40 million, a P/E ratio of 9.04 and a beta of 0.69.

Institutional Trading of Franklin FTSE Brazil ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. MMA Asset Management LLC raised its holdings in shares of Franklin FTSE Brazil ETF by 30.0% in the 3rd quarter. MMA Asset Management LLC now owns 117,262 shares of the company’s stock worth $2,234,000 after purchasing an additional 27,056 shares in the last quarter. Accordant Advisory Group Inc raised its holdings in shares of Franklin FTSE Brazil ETF by 29.2% in the 3rd quarter. Accordant Advisory Group Inc now owns 283,410 shares of the company’s stock worth $5,399,000 after purchasing an additional 64,087 shares in the last quarter. O Brien Greene & Co. Inc raised its holdings in shares of Franklin FTSE Brazil ETF by 6.7% in the 3rd quarter. O Brien Greene & Co. Inc now owns 582,173 shares of the company’s stock worth $11,090,000 after purchasing an additional 36,386 shares in the last quarter. Morningstar Investment Management LLC bought a new stake in shares of Franklin FTSE Brazil ETF in the 3rd quarter worth approximately $5,054,000. Finally, Empowered Funds LLC bought a new stake in shares of Franklin FTSE Brazil ETF in the 1st quarter worth approximately $3,092,000.

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.