Marotta Asset Management Sells 4,946 Shares of Franklin FTSE Australia ETF (NYSEARCA:FLAU)

Marotta Asset Management reduced its position in shares of Franklin FTSE Australia ETF (NYSEARCA:FLAU) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,483 shares of the company’s stock after selling 4,946 shares during the quarter. Marotta Asset Management owned 4.39% of Franklin FTSE Australia ETF worth $1,112,000 at the end of the most recent reporting period.

Separately, EverSource Wealth Advisors LLC increased its stake in shares of Franklin FTSE Australia ETF by 5.2% during the second quarter. EverSource Wealth Advisors LLC now owns 7,413 shares of the company’s stock worth $220,000 after purchasing an additional 368 shares during the period.

Franklin FTSE Australia ETF Stock Performance

NYSEARCA:FLAU traded down $0.47 during mid-day trading on Friday, hitting $28.27. 1,166 shares of the stock were exchanged, compared to its average volume of 6,328. The firm’s 50-day simple moving average is $29.83 and its 200 day simple moving average is $30.04. The stock has a market capitalization of $25.44 million, a price-to-earnings ratio of 15.29 and a beta of 1.11. Franklin FTSE Australia ETF has a fifty-two week low of $26.58 and a fifty-two week high of $32.28.

About Franklin FTSE Australia ETF

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