Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.46 and traded as low as $16.06. Franklin FTSE Brazil ETF shares last traded at $16.08, with a volume of 11,595 shares trading hands.

Franklin FTSE Brazil ETF Stock Performance

The firm has a market cap of $134.25 million, a PE ratio of 5.72 and a beta of 0.93. The firm has a fifty day simple moving average of $16.99 and a two-hundred day simple moving average of $17.43.

Hedge Funds Weigh In On Franklin FTSE Brazil ETF

Several institutional investors have recently added to or reduced their stakes in FLBR. Total Clarity Wealth Management Inc. boosted its holdings in shares of Franklin FTSE Brazil ETF by 10.5% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 19,668 shares of the company’s stock worth $327,000 after purchasing an additional 1,873 shares during the period. Raymond James & Associates boosted its holdings in shares of Franklin FTSE Brazil ETF by 63.1% in the 3rd quarter. Raymond James & Associates now owns 384,552 shares of the company’s stock worth $6,988,000 after purchasing an additional 148,765 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Franklin FTSE Brazil ETF by 1.0% in the 2nd quarter. Private Advisor Group LLC now owns 94,724 shares of the company’s stock worth $1,574,000 after purchasing an additional 947 shares during the period. Bank of Montreal Can purchased a new position in shares of Franklin FTSE Brazil ETF in the 3rd quarter worth approximately $2,204,000. Finally, Eagle Bay Advisors LLC boosted its holdings in shares of Franklin FTSE Brazil ETF by 93.9% in the 3rd quarter. Eagle Bay Advisors LLC now owns 3,322 shares of the company’s stock worth $60,000 after purchasing an additional 1,609 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.