Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Stock Price Down 0.4% – Time to Sell?

by · The Cerbat Gem

Shares of Franklin FTSE Brazil ETF (NYSEARCA:FLBR – Get Free Report) fell 0.4% during mid-day trading on Wednesday . The company traded as low as $19.00 and last traded at $19.05. 91,364 shares were traded during mid-day trading, an increase of 22% from the average session volume of 74,885 shares. The stock had previously closed at $19.13.

Franklin FTSE Brazil ETF Price Performance

The firm has a 50-day simple moving average of $19.78 and a two-hundred day simple moving average of $18.54. The company has a market cap of $251.46 million, a PE ratio of 9.04 and a beta of 0.88.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FLBR. Flow Traders U.S. LLC acquired a new stake in shares of Franklin FTSE Brazil ETF during the 2nd quarter worth about $705,000. Accordant Advisory Group Inc lifted its stake in shares of Franklin FTSE Brazil ETF by 36,453.8% during the second quarter. Accordant Advisory Group Inc now owns 219,323 shares of the company’s stock valued at $3,939,000 after buying an additional 218,723 shares during the period. Wealthfront Advisers LLC boosted its position in Franklin FTSE Brazil ETF by 90.1% during the second quarter. Wealthfront Advisers LLC now owns 19,611 shares of the company’s stock worth $352,000 after acquiring an additional 9,296 shares during the last quarter. O Brien Greene & Co. Inc acquired a new stake in Franklin FTSE Brazil ETF during the second quarter worth approximately $9,802,000. Finally, StoneX Group Inc. purchased a new stake in Franklin FTSE Brazil ETF in the 2nd quarter worth approximately $872,000.

Franklin FTSE Brazil ETF Company Profile

(Get Free Report)

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.

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