Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Shares Down 0.2% – What’s Next?

Franklin FTSE Brazil ETF (NYSEARCA:FLBR)’s stock price was down 0.2% during mid-day trading on Tuesday . The stock traded as low as $23.64 and last traded at $24.00. Approximately 374,453 shares traded hands during trading, an increase of 57% from the average daily volume of 239,116 shares. The stock had previously closed at $24.06.

Franklin FTSE Brazil ETF Trading Down 0.2%

The firm has a market capitalization of $506.40 million, a P/E ratio of 9.04 and a beta of 0.79. The company has a 50-day moving average of $23.20 and a 200-day moving average of $20.86.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in Franklin FTSE Brazil ETF by 884.5% during the 4th quarter. Royal Bank of Canada now owns 129,549 shares of the company’s stock worth $2,468,000 after purchasing an additional 116,390 shares during the last quarter. Focus Partners Wealth bought a new position in Franklin FTSE Brazil ETF during the 4th quarter worth $1,693,000. ES4 LLC bought a new position in Franklin FTSE Brazil ETF during the 4th quarter worth $230,000. Kestra Advisory Services LLC acquired a new stake in Franklin FTSE Brazil ETF during the 4th quarter worth about $37,000. Finally, Bank of Nova Scotia grew its holdings in Franklin FTSE Brazil ETF by 26.4% during the 4th quarter. Bank of Nova Scotia now owns 78,598 shares of the company’s stock worth $1,504,000 after acquiring an additional 16,400 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.