Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Stock Price Down 3.1% – Should You Sell?

Shares of Franklin FTSE South Korea ETF (NYSEARCA:FLKR) were down 3.1% during trading on Wednesday . The stock traded as low as $19.56 and last traded at $19.65. Approximately 43,628 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 95,459 shares. The stock had previously closed at $20.27.

Franklin FTSE South Korea ETF Stock Down 3.1 %

The company’s fifty day moving average price is $20.79 and its two-hundred day moving average price is $21.59. The firm has a market cap of $253.49 million, a PE ratio of 9.72 and a beta of 1.24.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

A number of large investors have recently modified their holdings of FLKR. Eagle Bay Advisors LLC grew its holdings in Franklin FTSE South Korea ETF by 606.9% during the second quarter. Eagle Bay Advisors LLC now owns 1,230 shares of the company’s stock worth $27,000 after acquiring an additional 1,056 shares during the period. Hara Capital LLC boosted its position in shares of Franklin FTSE South Korea ETF by 40.5% during the 3rd quarter. Hara Capital LLC now owns 16,152 shares of the company’s stock worth $342,000 after purchasing an additional 4,660 shares in the last quarter. Meitav Investment House Ltd. grew its stake in shares of Franklin FTSE South Korea ETF by 4.7% during the 2nd quarter. Meitav Investment House Ltd. now owns 48,542 shares of the company’s stock worth $1,062,000 after purchasing an additional 2,183 shares during the period. Leavell Investment Management Inc. increased its holdings in shares of Franklin FTSE South Korea ETF by 21.1% in the 3rd quarter. Leavell Investment Management Inc. now owns 99,088 shares of the company’s stock valued at $2,101,000 after purchasing an additional 17,264 shares in the last quarter. Finally, CX Institutional acquired a new stake in shares of Franklin FTSE South Korea ETF in the third quarter valued at about $4,014,000.

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.