Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Stock Price Down 0.2% – Time to Sell?

Franklin FTSE Brazil ETF (NYSEARCA:FLBR)’s stock price was down 0.2% on Monday . The stock traded as low as $22.01 and last traded at $22.09. Approximately 101,241 shares changed hands during trading, an increase of 38% from the average daily volume of 73,403 shares. The stock had previously closed at $22.14.

Franklin FTSE Brazil ETF Stock Down 0.2%

The stock has a fifty day moving average price of $20.01 and a two-hundred day moving average price of $18.85. The company has a market capitalization of $307.05 million, a price-to-earnings ratio of 9.04 and a beta of 0.88.

Hedge Funds Weigh In On Franklin FTSE Brazil ETF

A number of hedge funds have recently made changes to their positions in FLBR. Sunpointe LLC purchased a new stake in Franklin FTSE Brazil ETF during the 4th quarter worth $203,000. Osaic Holdings Inc. lifted its stake in shares of Franklin FTSE Brazil ETF by 6.7% during the second quarter. Osaic Holdings Inc. now owns 18,659 shares of the company’s stock worth $335,000 after purchasing an additional 1,174 shares in the last quarter. Wealthfront Advisers LLC boosted its position in shares of Franklin FTSE Brazil ETF by 90.1% in the second quarter. Wealthfront Advisers LLC now owns 19,611 shares of the company’s stock worth $352,000 after buying an additional 9,296 shares during the period. Belpointe Asset Management LLC purchased a new stake in shares of Franklin FTSE Brazil ETF in the third quarter worth about $381,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Franklin FTSE Brazil ETF in the third quarter valued at about $431,000.

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.