Franklin FTSE Europe ETF (NYSEARCA:FLEE) Shares Down 1.7%

Franklin FTSE Europe ETF (NYSEARCA:FLEE) shares dropped 1.7% during trading on Friday . The company traded as low as $21.65 and last traded at $21.65, approximately 1,761 shares traded hands during mid-day trading. A decline of 97% from the average daily volume of 66,407 shares. The stock had previously closed at $22.02.

The stock has a 50 day moving average price of $21.18 and a 200 day moving average price of $22.20.

An institutional investor recently raised its position in Franklin FTSE Europe ETF stock. Franklin Resources Inc. lifted its stake in shares of Franklin FTSE Europe ETF (NYSEARCA:FLEE) by 124.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,638,438 shares of the company’s stock after purchasing an additional 3,122,682 shares during the period. Franklin Resources Inc. owned approximately 58.73% of Franklin FTSE Europe ETF worth $107,581,000 at the end of the most recent quarter.

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