Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Shares Down 0.3% – Here’s What Happened

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) dropped 0.3% during mid-day trading on Monday . The stock traded as low as $16.75 and last traded at $16.75. Approximately 29,182 shares traded hands during 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 Stock Down 0.3 %

The stock has a market capitalization of $144.05 million, a P/E ratio of 5.72 and a beta of 0.93. The business’s 50 day simple moving average is $17.37 and its two-hundred day simple moving average is $17.61.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FLBR. CX Institutional lifted its position in shares of Franklin FTSE Brazil ETF by 1.7% during the second quarter. CX Institutional now owns 791,292 shares of the company’s stock valued at $13,151,000 after purchasing an additional 13,439 shares in the last quarter. Main Management ETF Advisors LLC lifted its position in shares of Franklin FTSE Brazil ETF by 46.0% during the second quarter. Main Management ETF Advisors LLC now owns 441,935 shares of the company’s stock valued at $7,345,000 after purchasing an additional 139,265 shares in the last quarter. Raymond James & Associates lifted its position in shares of Franklin FTSE Brazil ETF by 63.1% during the third quarter. Raymond James & Associates now owns 384,552 shares of the company’s stock valued at $6,988,000 after purchasing an additional 148,765 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Franklin FTSE Brazil ETF by 220.3% during the third quarter. Jane Street Group LLC now owns 115,659 shares of the company’s stock valued at $2,102,000 after purchasing an additional 79,547 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Franklin FTSE Brazil ETF during the third quarter valued at about $2,204,000.

About Franklin FTSE Brazil ETF

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.