Flow Traders U.S. LLC Grows Position in Franklin FTSE Australia ETF $FLAU

Flow Traders U.S. LLC increased its position in shares of Franklin FTSE Australia ETF (NYSEARCA:FLAU) by 120.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,739 shares of the company’s stock after buying an additional 26,640 shares during the period. Flow Traders U.S. LLC owned about 2.63% of Franklin FTSE Australia ETF worth $1,347,000 at the end of the most recent reporting period.

Separately, Allianz Asset Management GmbH increased its stake in shares of Franklin FTSE Australia ETF by 14.6% during the first quarter. Allianz Asset Management GmbH now owns 1,216,788 shares of the company’s stock worth $33,625,000 after buying an additional 154,800 shares during the period.

Franklin FTSE Australia ETF Stock Performance

FLAU stock opened at $32.42 on Friday. The company’s 50 day moving average price is $31.30 and its 200 day moving average price is $29.71. Franklin FTSE Australia ETF has a fifty-two week low of $24.41 and a fifty-two week high of $32.50. The firm has a market capitalization of $74.57 million, a price-to-earnings ratio of 20.41 and a beta of 1.06.

Franklin FTSE Australia ETF Company Profile

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