HighTower Advisors LLC Purchases New Stake in Franklin FTSE South Korea ETF (NYSEARCA:FLKR)

HighTower Advisors LLC acquired a new position in shares of Franklin FTSE South Korea ETF (NYSEARCA:FLKR) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 280,942 shares of the company’s stock, valued at approximately $4,891,000.

Several other hedge funds have also recently bought and sold shares of FLKR. Main Management ETF Advisors LLC increased its stake in shares of Franklin FTSE South Korea ETF by 49.6% in the 3rd quarter. Main Management ETF Advisors LLC now owns 512,895 shares of the company’s stock valued at $10,873,000 after purchasing an additional 170,155 shares during the last quarter. Marotta Asset Management boosted its stake in Franklin FTSE South Korea ETF by 22.1% in the fourth quarter. Marotta Asset Management now owns 142,383 shares of the company’s stock valued at $2,489,000 after buying an additional 25,761 shares in the last quarter. JPMorgan Chase & Co. grew its position in Franklin FTSE South Korea ETF by 728,415.4% in the third quarter. JPMorgan Chase & Co. now owns 94,707 shares of the company’s stock valued at $2,008,000 after acquiring an additional 94,694 shares during the last quarter. Fiduciary Financial Group LLC acquired a new position in Franklin FTSE South Korea ETF during the fourth quarter worth about $1,455,000. Finally, Hara Capital LLC lifted its holdings in shares of Franklin FTSE South Korea ETF by 22.4% in the fourth quarter. Hara Capital LLC now owns 19,762 shares of the company’s stock worth $344,000 after acquiring an additional 3,610 shares during the last quarter.

Franklin FTSE South Korea ETF Trading Up 0.3 %

FLKR opened at $19.46 on Thursday. The company has a market cap of $126.49 million, a P/E ratio of 9.68 and a beta of 1.11. The company’s 50 day moving average is $18.97 and its 200-day moving average is $19.45. Franklin FTSE South Korea ETF has a 1-year low of $17.35 and a 1-year high of $23.70.

Franklin FTSE South Korea ETF Company Profile

The Franklin FTSE South Korea ETF (FLKR) is an exchange-traded fund that is based on the FTSE South Korea RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap South Korean companies. FLKR was launched on Nov 2, 2017 and is managed by Franklin Templeton.