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

Franklin FTSE Japan ETF (NYSEARCA:FLJP) shares saw strong trading volume on Thursday . 2,336,559 shares were traded during mid-day trading, an increase of 221% from the previous session’s volume of 728,893 shares.The stock last traded at $28.82 and had previously closed at $29.09.

Franklin FTSE Japan ETF Trading Up 1.3 %

The business’s 50 day moving average price is $29.44 and its two-hundred day moving average price is $29.62. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 14.01 and a beta of 0.75.

Institutional Investors Weigh In On Franklin FTSE Japan ETF

A number of hedge funds have recently made changes to their positions in the stock. Strategic Investment Management LLC acquired a new stake in Franklin FTSE Japan ETF during the 4th quarter worth approximately $45,573,000. Empowered Funds LLC acquired a new stake in Franklin FTSE Japan ETF during the 1st quarter worth approximately $18,553,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Franklin FTSE Japan ETF during the 1st quarter worth approximately $15,561,000. National Bank of Canada FI acquired a new position in shares of Franklin FTSE Japan ETF in the 4th quarter worth approximately $10,039,000. Finally, First Trust Bank Ltd. acquired a new position in shares of Franklin FTSE Japan ETF in the 4th quarter worth approximately $9,489,000.

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.