KWB Wealth Sells 10,088 Shares of Franklin FTSE China ETF $FLCH

KWB Wealth decreased its holdings in Franklin FTSE China ETF (NYSEARCA:FLCH) by 38.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,987 shares of the company’s stock after selling 10,088 shares during the quarter. KWB Wealth owned about 0.17% of Franklin FTSE China ETF worth $341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in FLCH. Royal Bank of Canada purchased a new stake in shares of Franklin FTSE China ETF in the 1st quarter worth about $3,909,000. Atlas Capital Advisors Inc. raised its stake in Franklin FTSE China ETF by 638.9% in the first quarter. Atlas Capital Advisors Inc. now owns 179,806 shares of the company’s stock worth $3,841,000 after buying an additional 155,472 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in Franklin FTSE China ETF in the first quarter worth about $934,000. NewEdge Advisors LLC boosted its position in Franklin FTSE China ETF by 19.7% during the 1st quarter. NewEdge Advisors LLC now owns 210,319 shares of the company’s stock valued at $4,492,000 after acquiring an additional 34,675 shares in the last quarter. Finally, CW Advisors LLC boosted its position in Franklin FTSE China ETF by 10.1% during the 1st quarter. CW Advisors LLC now owns 374,020 shares of the company’s stock valued at $7,989,000 after acquiring an additional 34,323 shares in the last quarter.

Franklin FTSE China ETF Stock Performance

Shares of NYSEARCA:FLCH opened at $25.39 on Friday. The firm has a market capitalization of $233.59 million, a P/E ratio of 12.83 and a beta of 0.50. The stock has a 50 day moving average price of $24.03 and a 200-day moving average price of $22.11. Franklin FTSE China ETF has a 52-week low of $17.28 and a 52-week high of $25.98.

Franklin FTSE China ETF Company Profile

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.