Franklin Resources Inc. Sells 225,000 Shares of Franklin FTSE Latin America ETF (NYSEARCA:FLLA)

Franklin Resources Inc. lowered its position in shares of Franklin FTSE Latin America ETF (NYSEARCA:FLLA) by 36.0% during the third quarter, HoldingsChannel.com reports. The fund owned 400,000 shares of the company’s stock after selling 225,000 shares during the quarter. Franklin Resources Inc. owned 0.15% of Franklin FTSE Latin America ETF worth $8,196,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. MML Investors Services LLC acquired a new stake in Franklin FTSE Latin America ETF in the third quarter worth $529,000. Proquility Private Wealth Partners LLC boosted its position in shares of Franklin FTSE Latin America ETF by 78.5% during the 3rd quarter. Proquility Private Wealth Partners LLC now owns 31,440 shares of the company’s stock worth $657,000 after purchasing an additional 13,824 shares in the last quarter. Total Clarity Wealth Management Inc. grew its stake in shares of Franklin FTSE Latin America ETF by 37.5% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 14,973 shares of the company’s stock valued at $300,000 after buying an additional 4,084 shares during the period. Finally, National Bank of Canada FI increased its position in Franklin FTSE Latin America ETF by 6.7% in the 2nd quarter. National Bank of Canada FI now owns 34,488 shares of the company’s stock valued at $684,000 after buying an additional 2,153 shares in the last quarter.

Franklin FTSE Latin America ETF Stock Performance

FLLA stock opened at $17.48 on Monday. Franklin FTSE Latin America ETF has a fifty-two week low of $17.31 and a fifty-two week high of $24.85. The stock’s 50 day simple moving average is $19.22 and its 200 day simple moving average is $20.17. The company has a market cap of $47.20 million, a P/E ratio of 6.45 and a beta of 0.90.

Franklin FTSE Latin America ETF Profile

The Franklin FTSE Latin America ETF (FLLA) is an exchange-traded fund that is based on the FTSE Latin America RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Latin American equities. FLLA was launched on Oct 9, 2018 and is managed by Franklin Templeton.