Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Shares Down 1.5% – Time to Sell?

Franklin FTSE Brazil ETF (NYSEARCA:FLBR)’s stock price fell 1.5% during trading on Monday . The company traded as low as $16.46 and last traded at $16.54. 262,097 shares traded hands during mid-day trading, an increase of 321% from the average session volume of 62,204 shares. The stock had previously closed at $16.80.

Franklin FTSE Brazil ETF Price Performance

The company has a market cap of $175.32 million, a PE ratio of 10.36 and a beta of 1.17. The business has a fifty day simple moving average of $15.65 and a two-hundred day simple moving average of $16.22.

Institutional Investors Weigh In On Franklin FTSE Brazil ETF

Institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can bought a new position in Franklin FTSE Brazil ETF in the third quarter worth about $2,204,000. Jane Street Group LLC lifted its position in 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 acquiring an additional 79,547 shares during the last quarter. National Bank of Canada FI acquired a new stake in Franklin FTSE Brazil ETF in the third quarter valued at approximately $123,000. Eagle Bay Advisors LLC grew its holdings in Franklin FTSE Brazil ETF by 33.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 4,417 shares of the company’s stock worth $63,000 after purchasing an additional 1,095 shares during the last quarter. Finally, Whitcomb & Hess Inc. acquired a new position in shares of Franklin FTSE Brazil ETF during the fourth quarter worth $1,079,000.

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.