Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Hits New 52-Week High – Should You Buy?

Shares of Franklin FTSE South Korea ETF (NYSEARCA:FLKR) hit a new 52-week high on Tuesday . The stock traded as high as $62.92 and last traded at $62.53, with a volume of 952879 shares traded. The stock had previously closed at $61.47.

Franklin FTSE South Korea ETF Stock Performance

The firm has a market capitalization of $925.44 million, a price-to-earnings ratio of 10.49 and a beta of 1.39. The company has a 50 day moving average price of $45.82 and a two-hundred day moving average price of $38.77.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FLKR. Cercano Management LLC acquired a new stake in Franklin FTSE South Korea ETF during the 3rd quarter worth $7,117,000. Miller Global Investments LLC purchased a new stake in shares of Franklin FTSE South Korea ETF during the fourth quarter worth $436,000. Tradewinds Capital Management LLC purchased a new stake in shares of Franklin FTSE South Korea ETF during the fourth quarter worth $824,000. Lumbard & Kellner LLC purchased a new stake in shares of Franklin FTSE South Korea ETF during the third quarter worth $2,661,000. Finally, Jane Street Group LLC purchased a new stake in shares of Franklin FTSE South Korea ETF during the first quarter worth $366,000.

Franklin FTSE South Korea ETF Company Profile

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.