Lumbard & Kellner LLC Acquires 2,035 Shares of Franklin FTSE Brazil ETF (NYSEARCA:FLBR)

Lumbard & Kellner LLC increased its stake in shares of Franklin FTSE Brazil ETF (NYSEARCA:FLBR) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,387 shares of the company’s stock after buying an additional 2,035 shares during the period. Franklin FTSE Brazil ETF accounts for approximately 1.9% of Lumbard & Kellner LLC’s holdings, making the stock its 19th biggest holding. Lumbard & Kellner LLC’s holdings in Franklin FTSE Brazil ETF were worth $4,352,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in shares of Franklin FTSE Brazil ETF in the fourth quarter worth about $4,835,000. Comprehensive Money Management Services LLC acquired a new stake in shares of Franklin FTSE Brazil ETF in the fourth quarter valued at approximately $197,000. Bank of America Corp DE raised its position in Franklin FTSE Brazil ETF by 269.5% in the 4th quarter. Bank of America Corp DE now owns 11,883 shares of the company’s stock worth $168,000 after purchasing an additional 8,667 shares during the last quarter. Whitcomb & Hess Inc. lifted its holdings in Franklin FTSE Brazil ETF by 11.1% during the 1st quarter. Whitcomb & Hess Inc. now owns 84,741 shares of the company’s stock worth $1,400,000 after buying an additional 8,495 shares in the last quarter. Finally, CX Institutional bought a new position in Franklin FTSE Brazil ETF in the 1st quarter valued at $100,000.

Franklin FTSE Brazil ETF Stock Performance

NYSEARCA FLBR opened at $18.17 on Thursday. The stock has a fifty day moving average of $17.12 and a 200-day moving average of $16.04. The stock has a market capitalization of $208.96 million, a P/E ratio of 9.86 and a beta of 0.86. Franklin FTSE Brazil ETF has a 52 week low of $13.98 and a 52 week high of $18.82.

Franklin FTSE Brazil ETF 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.