Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Trading Down 0.3% – What’s Next?

Franklin FTSE Brazil ETF (NYSEARCA:FLBR)’s stock price dropped 0.3% during trading on Monday . The company traded as low as $16.75 and last traded at $16.75. Approximately 29,182 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 53,664 shares. The stock had previously closed at $16.80.

Franklin FTSE Brazil ETF Price Performance

The company has a 50-day moving average of $17.34 and a 200 day moving average of $17.60. The company has a market cap of $140.01 million, a PE ratio of 5.72 and a beta of 0.93.

Hedge Funds Weigh In On Franklin FTSE Brazil ETF

Several large investors have recently modified their holdings of the stock. National Bank of Canada FI purchased a new position in Franklin FTSE Brazil ETF during the third quarter worth $123,000. Jane Street Group LLC lifted its holdings in shares of Franklin FTSE Brazil ETF by 220.3% in the 3rd quarter. Jane Street Group LLC now owns 115,659 shares of the company’s stock worth $2,102,000 after acquiring an additional 79,547 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Franklin FTSE Brazil ETF during the 3rd quarter worth about $2,204,000. Eagle Bay Advisors LLC boosted its stake in shares of Franklin FTSE Brazil ETF by 93.9% during the 3rd quarter. Eagle Bay Advisors LLC now owns 3,322 shares of the company’s stock worth $60,000 after purchasing an additional 1,609 shares during the period. Finally, Private Advisor Group LLC grew its holdings in Franklin FTSE Brazil ETF by 4.6% during the 3rd quarter. Private Advisor Group LLC now owns 99,099 shares of the company’s stock valued at $1,801,000 after purchasing an additional 4,375 shares during the last quarter.

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.