Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Sees Unusually-High Trading Volume – Time to Buy?

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) shares saw strong trading volume on Wednesday . 866,305 shares changed hands during trading, an increase of 214% from the previous session’s volume of 276,092 shares.The stock last traded at $25.51 and had previously closed at $25.49.

Franklin FTSE Brazil ETF Stock Performance

The business’s 50 day simple moving average is $23.74 and its 200-day simple moving average is $21.33. The stock has a market capitalization of $575.40 million, a price-to-earnings ratio of 9.04 and a beta of 0.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in Franklin FTSE Brazil ETF during the 4th quarter valued at about $37,000. Parallel Advisors LLC boosted its stake in Franklin FTSE Brazil ETF by 44.4% during the 4th quarter. Parallel Advisors LLC now owns 4,493 shares of the company’s stock valued at $86,000 after purchasing an additional 1,382 shares during the period. Sunpointe LLC acquired a new position in Franklin FTSE Brazil ETF during the 4th quarter valued at about $203,000. ES4 LLC acquired a new position in Franklin FTSE Brazil ETF during the 4th quarter valued at about $230,000. Finally, Osaic Holdings Inc. boosted its stake in Franklin FTSE Brazil ETF by 6.7% during the 2nd quarter. Osaic Holdings Inc. now owns 18,659 shares of the company’s stock valued at $335,000 after purchasing an additional 1,174 shares during the period.

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.