Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Unusually-High Trading Volume

Franklin FTSE Japan ETF (NYSEARCA:FLJP) shares saw an uptick in trading volume on Thursday . 1,362,270 shares changed hands during trading, an increase of 129% from the previous session’s volume of 594,543 shares.The stock last traded at $29.01 and had previously closed at $29.45.

Franklin FTSE Japan ETF Price Performance

The business has a fifty day moving average price of $30.22 and a 200 day moving average price of $28.43. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 13.40 and a beta of 0.72.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FLJP. Strategic Investment Management LLC bought a new position in shares of Franklin FTSE Japan ETF during the 4th quarter worth approximately $45,573,000. Stifel Financial Corp boosted its stake in shares of Franklin FTSE Japan ETF by 5,266.3% during the 3rd quarter. Stifel Financial Corp now owns 879,261 shares of the company’s stock worth $23,257,000 after acquiring an additional 862,876 shares during the period. UBS Group AG boosted its stake in shares of Franklin FTSE Japan ETF by 126.6% during the 3rd quarter. UBS Group AG now owns 1,341,216 shares of the company’s stock worth $35,475,000 after acquiring an additional 749,276 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in shares of Franklin FTSE Japan ETF during the 1st quarter worth approximately $15,561,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Franklin FTSE Japan ETF by 95.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 748,011 shares of the company’s stock worth $19,785,000 after acquiring an additional 364,700 shares during the period.

About Franklin FTSE Japan ETF

The Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that is based on the FTSE Japan RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Japanese equities. FLJP was launched on Nov 2, 2017 and is managed by Franklin Templeton.