Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Shares Up 1.1%

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) shares shot up 1.1% during trading on Wednesday . The company traded as high as $22.78 and last traded at $22.78. 25,729 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 93,877 shares. The stock had previously closed at $22.53.

Franklin FTSE South Korea ETF Price Performance

The stock has a market capitalization of $292.31 million, a price-to-earnings ratio of 9.72 and a beta of 1.24. The business has a fifty day moving average of $22.41 and a 200 day moving average of $22.24.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Marotta Asset Management lifted its holdings in Franklin FTSE South Korea ETF by 29.9% in the first quarter. Marotta Asset Management now owns 154,635 shares of the company’s stock valued at $3,615,000 after acquiring an additional 35,627 shares during the last quarter. Leavell Investment Management Inc. acquired a new position in Franklin FTSE South Korea ETF during the first quarter worth $1,633,000. Finally, Lumbard & Kellner LLC acquired a new position in Franklin FTSE South Korea ETF during the first quarter worth $4,807,000.

About Franklin FTSE South Korea ETF

The Franklin FTSE South Korea ETF (FLKR) is an exchange-traded fund that is based on the FTSE South Korea RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap South Korean companies. FLKR was launched on Nov 2, 2017 and is managed by Franklin Templeton.