Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sets New 52-Week High – Here’s What Happened

Franklin FTSE South Korea ETF (NYSEARCA:FLKR)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $50.49 and last traded at $50.44, with a volume of 282029 shares trading hands. The stock had previously closed at $47.51.

Franklin FTSE South Korea ETF Stock Up 6.2%

The stock has a market capitalization of $650.68 million, a PE ratio of 10.49 and a beta of 1.24. The stock has a fifty day moving average of $43.74 and a 200-day moving average of $36.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in Franklin FTSE South Korea ETF by 121.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock valued at $30,000 after purchasing an additional 674 shares during the period. Fiduciary Financial Group LLC purchased a new position in Franklin FTSE South Korea ETF in the fourth quarter valued at $204,000. Greenline Partners LLC purchased a new position in Franklin FTSE South Korea ETF in the third quarter valued at $208,000. Summit Financial LLC purchased a new position in Franklin FTSE South Korea ETF in the fourth quarter valued at $217,000. Finally, Osaic Holdings Inc. boosted its holdings in Franklin FTSE South Korea ETF by 2,424.3% in the second quarter. Osaic Holdings Inc. now owns 12,470 shares of the company’s stock valued at $305,000 after purchasing an additional 11,976 shares during the period.

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.