JPMorgan Chase & Co. reduced its position in Franklin FTSE Australia ETF (NYSEARCA:FLAU – Free Report) by 28.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,067 shares of the company’s stock after selling 1,598 shares during the period. JPMorgan Chase & Co. owned about 0.45% of Franklin FTSE Australia ETF worth $114,000 as of its most recent SEC filing.
Separately, Wealthfront Advisers LLC acquired a new position in Franklin FTSE Australia ETF during the fourth quarter worth about $236,000.
Franklin FTSE Australia ETF Price Performance
Shares of NYSEARCA FLAU opened at $29.59 on Tuesday. The firm’s 50-day moving average is $27.76 and its two-hundred day moving average is $29.02. Franklin FTSE Australia ETF has a 12-month low of $24.41 and a 12-month high of $32.28. The company has a market capitalization of $54.74 million, a PE ratio of 19.89 and a beta of 1.08.
About Franklin FTSE Australia ETF
The Franklin FTSE Australia ETF (FLAU) is an exchange-traded fund that is based on the FTSE Australia RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Australian stocks. FLAU was launched on Nov 2, 2017 and is managed by Franklin Templeton.
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