Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Sees Strong Trading Volume – Should You Buy?
by Doug Wharley · The Cerbat GemShares of Franklin FTSE Brazil ETF (NYSEARCA:FLBR – Get Free Report) saw unusually-high trading volume on Wednesday . 483,946 shares were traded during mid-day trading, an increase of 105% from the previous session’s volume of 236,347 shares.The stock last traded at $23.5590 and had previously closed at $23.59.
Franklin FTSE Brazil ETF Stock Down 0.1%
The firm has a market capitalization of $579.67 million, a price-to-earnings ratio of 9.04 and a beta of 0.62. The company’s 50 day moving average is $22.28 and its 200 day moving average is $22.84.
Institutional Investors Weigh In On Franklin FTSE Brazil ETF
A number of large investors have recently modified their holdings of the business. Royal Bank of Canada grew its holdings in Franklin FTSE Brazil ETF by 83.7% during the 1st 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 raised its stake in shares of Franklin FTSE Brazil ETF by 42.5% during the first quarter. Morningstar Investment Management LLC now owns 341,071 shares of the company’s stock valued at $8,148,000 after acquiring an additional 101,763 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Franklin FTSE Brazil ETF during the second quarter valued at $718,000. ES4 LLC lifted its holdings in shares of Franklin FTSE Brazil ETF by 244.5% during the first quarter. ES4 LLC now owns 41,600 shares of the company’s stock worth $994,000 after purchasing an additional 29,524 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Franklin FTSE Brazil ETF by 30.6% during the first quarter. Bank of America Corp DE now owns 76,371 shares of the company’s stock worth $1,825,000 after purchasing 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.