Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Shares Gap Down – Here’s What Happened

Franklin FTSE South Korea ETF (NYSEARCA:FLKRGet Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $68.72, but opened at $64.41. Franklin FTSE South Korea ETF shares last traded at $63.95, with a volume of 187,306 shares changing hands.

Franklin FTSE South Korea ETF Trading Down 14.4%

The business’s 50-day moving average is $53.11 and its two-hundred day moving average is $42.77. The firm has a market cap of $832.06 million, a P/E ratio of 10.49 and a beta of 1.46.

Institutional Investors Weigh In On Franklin FTSE South Korea ETF

A number of institutional investors have recently modified their holdings of the business. Cercano Management LLC bought a new stake in shares of Franklin FTSE South Korea ETF during the 3rd quarter valued at about $7,117,000. Goldman Sachs Group Inc. grew its position in shares of Franklin FTSE South Korea ETF by 492.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 178,923 shares of the company’s stock valued at $5,734,000 after buying an additional 148,714 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Franklin FTSE South Korea ETF during the 2nd quarter valued at about $4,140,000. Empowered Funds LLC bought a new stake in shares of Franklin FTSE South Korea ETF during the 4th quarter valued at about $5,104,000. Finally, Bank of Nova Scotia grew its position in shares of Franklin FTSE South Korea ETF by 26.4% during the 4th quarter. Bank of Nova Scotia now owns 122,730 shares of the company’s stock valued at $3,972,000 after buying an additional 25,600 shares during the last quarter.

Franklin FTSE South Korea ETF Company Profile

(Get Free Report)

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.

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