Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Strong Trading Volume – Here’s Why

Franklin FTSE Japan ETF (NYSEARCA:FLJP) shares saw strong trading volume on Tuesday . 1,530,303 shares changed hands during mid-day trading, an increase of 136% from the previous session’s volume of 648,708 shares.The stock last traded at $29.10 and had previously closed at $28.90.

Franklin FTSE Japan ETF Stock Up 0.7 %

The firm has a market capitalization of $1.89 billion, a PE ratio of 14.01 and a beta of 0.75. The business’s 50-day moving average price is $28.86 and its 200-day moving average price is $29.24.

Institutional Trading of Franklin FTSE Japan ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Franklin FTSE Japan ETF by 386.3% during the 3rd quarter. Principal Financial Group Inc. now owns 346,156 shares of the company’s stock worth $10,530,000 after purchasing an additional 274,974 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Franklin FTSE Japan ETF by 38.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,362 shares of the company’s stock worth $68,000 after purchasing an additional 657 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Franklin FTSE Japan ETF during the third quarter worth $555,000. NewEdge Advisors LLC increased its position in Franklin FTSE Japan ETF by 30.0% during the second quarter. NewEdge Advisors LLC now owns 189,117 shares of the company’s stock worth $5,439,000 after buying an additional 43,635 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in Franklin FTSE Japan ETF by 13.8% during the third quarter. Cerity Partners LLC now owns 16,848 shares of the company’s stock valued at $513,000 after buying an additional 2,047 shares in the last quarter.

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.