Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Shares Cross Above 200 Day Moving Average – Here’s Why

Shares of Franklin FTSE South Korea ETF (NYSEARCA:FLKR) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $52.78 and traded as high as $54.70. Franklin FTSE South Korea ETF shares last traded at $54.59, with a volume of 2,465,880 shares.

Franklin FTSE South Korea ETF Trading Down 5.2%

The company has a market cap of $1.75 billion, a P/E ratio of 10.49 and a beta of 1.51. The business’s fifty day moving average is $57.74 and its 200 day moving average is $52.94.

Institutional Trading of Franklin FTSE South Korea ETF

A number of large investors have recently bought and sold shares of FLKR. Cohalo Advisory LLC bought a new stake in shares of Franklin FTSE South Korea ETF in the third quarter valued at $99,000. EverSource Wealth Advisors LLC grew its stake in shares of Franklin FTSE South Korea ETF by 50.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the company’s stock worth $73,000 after acquiring an additional 608 shares during the period. MRA Advisory Group bought a new position in shares of Franklin FTSE South Korea ETF during the 2nd quarter worth $272,000. Leo Wealth LLC bought a new position in shares of Franklin FTSE South Korea ETF during the 3rd quarter worth $319,000. Finally, NORTHSTAR ASSET MANAGEMENT Co purchased a new stake in Franklin FTSE South Korea ETF in the 3rd quarter worth about $343,000.

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.