Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Hits New 1-Year High – What’s Next?

Franklin FTSE Brazil ETF (NYSEARCA:FLBR)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $26.01 and last traded at $25.92, with a volume of 626483 shares. The stock had previously closed at $25.83.

Franklin FTSE Brazil ETF Stock Down 0.7%

The firm has a market capitalization of $551.46 million, a PE ratio of 9.04 and a beta of 0.69. The firm’s fifty day simple moving average is $23.53 and its 200-day simple moving average is $21.12.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. O Brien Greene & Co. Inc raised its stake in shares of Franklin FTSE Brazil ETF by 9.0% in the fourth quarter. O Brien Greene & Co. Inc now owns 634,591 shares of the company’s stock worth $12,089,000 after purchasing an additional 52,418 shares during the last quarter. Accordant Advisory Group Inc raised its stake in shares of Franklin FTSE Brazil ETF by 29.2% in the third quarter. Accordant Advisory Group Inc now owns 283,410 shares of the company’s stock worth $5,399,000 after purchasing an additional 64,087 shares during the last quarter. Morningstar Investment Management LLC purchased a new position in shares of Franklin FTSE Brazil ETF in the third quarter worth $5,054,000. Citadel Advisors LLC purchased a new position in shares of Franklin FTSE Brazil ETF in the third quarter worth $3,620,000. Finally, Empowered Funds LLC purchased a new position in shares of Franklin FTSE Brazil ETF in the first quarter worth $3,092,000.

Franklin FTSE Brazil ETF Company Profile

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.