Main Management ETF Advisors LLC Acquires 315,570 Shares of Franklin FTSE China ETF (NYSEARCA:FLCH)

Main Management ETF Advisors LLC increased its holdings in shares of Franklin FTSE China ETF (NYSEARCA:FLCH) by 86.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 679,750 shares of the company’s stock after purchasing an additional 315,570 shares during the period. Franklin FTSE China ETF makes up 0.6% of Main Management ETF Advisors LLC’s portfolio, making the stock its 23rd biggest position. Main Management ETF Advisors LLC owned approximately 0.11% of Franklin FTSE China ETF worth $11,260,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FLCH. Atlas Capital Advisors LLC boosted its stake in Franklin FTSE China ETF by 1,161.8% in the 2nd quarter. Atlas Capital Advisors LLC now owns 10,233 shares of the company’s stock worth $170,000 after purchasing an additional 9,422 shares during the period. Wallace Advisory Group LLC bought a new stake in shares of Franklin FTSE China ETF in the first quarter valued at about $215,000. Boltwood Capital Management boosted its position in shares of Franklin FTSE China ETF by 26.5% during the first quarter. Boltwood Capital Management now owns 25,300 shares of the company’s stock worth $399,000 after buying an additional 5,300 shares during the period. KWB Wealth bought a new position in shares of Franklin FTSE China ETF during the first quarter worth about $401,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in Franklin FTSE China ETF in the 2nd quarter valued at approximately $480,000.

Franklin FTSE China ETF Stock Performance

NYSEARCA FLCH opened at $19.53 on Friday. The stock has a market capitalization of $124.99 million, a price-to-earnings ratio of 10.17 and a beta of 0.92. Franklin FTSE China ETF has a 52 week low of $14.13 and a 52 week high of $19.75. The stock’s 50 day moving average price is $16.44 and its two-hundred day moving average price is $16.66.

Franklin FTSE China ETF 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.