Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Shares Down 1.5% – Here’s What Happened

Franklin FTSE Brazil ETF (NYSEARCA:FLBR)’s share price traded down 1.5% during trading on Monday . The stock traded as low as $16.46 and last traded at $16.54. 262,097 shares were traded during trading, an increase of 321% from the average session volume of 62,204 shares. The stock had previously closed at $16.80.

Franklin FTSE Brazil ETF Stock Performance

The company has a 50 day moving average of $15.70 and a 200 day moving average of $16.21. The firm has a market cap of $177.34 million, a price-to-earnings ratio of 10.36 and a beta of 1.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FLBR. Jane Street Group LLC increased its position in shares of Franklin FTSE Brazil ETF by 220.3% during the 3rd quarter. Jane Street Group LLC now owns 115,659 shares of the company’s stock worth $2,102,000 after purchasing an additional 79,547 shares in the last quarter. National Bank of Canada FI bought a new stake in Franklin FTSE Brazil ETF during the third quarter worth about $123,000. Bank of Montreal Can acquired a new stake in shares of Franklin FTSE Brazil ETF during the third quarter worth approximately $2,204,000. Eagle Bay Advisors LLC raised its stake in shares of Franklin FTSE Brazil ETF by 33.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 4,417 shares of the company’s stock valued at $63,000 after acquiring an additional 1,095 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Franklin FTSE Brazil ETF in the fourth quarter valued at approximately $4,835,000.

Franklin FTSE Brazil ETF Company Profile

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.