KWB Wealth Buys New Shares in Franklin FTSE China ETF (NYSEARCA:FLCH)

KWB Wealth bought a new stake in Franklin FTSE China ETF (NYSEARCA:FLCH) during the first quarter, HoldingsChannel reports. The firm bought 25,430 shares of the company’s stock, valued at approximately $401,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FLCH. Wallace Advisory Group LLC acquired a new position in Franklin FTSE China ETF during the first quarter worth approximately $215,000. Boltwood Capital Management increased its position in Franklin FTSE China ETF by 26.6% during the fourth quarter. Boltwood Capital Management now owns 20,000 shares of the company’s stock worth $321,000 after buying an additional 4,200 shares during the last quarter. CreativeOne Wealth LLC increased its position in Franklin FTSE China ETF by 10.0% during the fourth quarter. CreativeOne Wealth LLC now owns 59,051 shares of the company’s stock worth $948,000 after buying an additional 5,372 shares during the last quarter. Morningstar Investment Services LLC increased its position in Franklin FTSE China ETF by 103.0% during the fourth quarter. Morningstar Investment Services LLC now owns 66,688 shares of the company’s stock worth $1,068,000 after buying an additional 33,837 shares during the last quarter. Finally, Leo Wealth LLC acquired a new position in Franklin FTSE China ETF during the fourth quarter worth approximately $3,701,000.

Franklin FTSE China ETF Trading Up 1.6 %

Shares of NYSEARCA:FLCH traded up $0.26 during trading on Thursday, reaching $17.01. 22,310 shares of the stock were exchanged, compared to its average volume of 60,074. Franklin FTSE China ETF has a 12 month low of $14.13 and a 12 month high of $19.61. The firm has a market cap of $108.86 million, a PE ratio of 10.17 and a beta of 0.92. The stock has a 50-day moving average price of $17.38 and a 200-day moving average price of $16.15.

About Franklin FTSE China ETF

The Franklin FTSE China ETF (FLCH) is an exchange-traded fund that is based on the FTSE China RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap companies in China. FLCH was launched on Nov 2, 2017 and is managed by Franklin Templeton.