Main Management ETF Advisors LLC Increases Stock Position in Franklin FTSE Brazil ETF (NYSEARCA:FLBR)

Main Management ETF Advisors LLC grew its stake in Franklin FTSE Brazil ETF (NYSEARCA:FLBR) by 46.0% during the second quarter, Holdings Channel.com reports. The fund owned 441,935 shares of the company’s stock after acquiring an additional 139,265 shares during the period. Main Management ETF Advisors LLC owned 0.05% of Franklin FTSE Brazil ETF worth $7,345,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Raymond James & Associates increased its holdings in Franklin FTSE Brazil ETF by 9.6% in the 2nd quarter. Raymond James & Associates now owns 235,787 shares of the company’s stock valued at $3,919,000 after purchasing an additional 20,598 shares during the last quarter. CX Institutional grew its stake in shares of Franklin FTSE Brazil ETF by 1.7% in the second quarter. CX Institutional now owns 791,292 shares of the company’s stock valued at $13,151,000 after buying an additional 13,439 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Franklin FTSE Brazil ETF by 4.4% in the 1st quarter. Private Advisor Group LLC now owns 93,777 shares of the company’s stock valued at $1,838,000 after buying an additional 3,921 shares during the period. Total Clarity Wealth Management Inc. lifted its stake in Franklin FTSE Brazil ETF by 10.5% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 19,668 shares of the company’s stock worth $327,000 after acquiring an additional 1,873 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new position in Franklin FTSE Brazil ETF during the 1st quarter valued at about $28,000.

Franklin FTSE Brazil ETF Price Performance

NYSEARCA FLBR opened at $18.31 on Friday. The company has a market cap of $157.47 million, a P/E ratio of 5.72 and a beta of 0.93. Franklin FTSE Brazil ETF has a 1-year low of $15.93 and a 1-year high of $21.19. The stock has a 50-day moving average of $17.76 and a two-hundred day moving average of $18.22.

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.