Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Stock Price Down 2.1% – Time to Sell?

Shares of Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) traded down 2.1% on Thursday . The company traded as low as $30.84 and last traded at $31.20. 19,648 shares were traded during trading, an increase of 94% from the average session volume of 10,110 shares. The stock had previously closed at $31.86.

Franklin FTSE Asia ex Japan ETF Stock Performance

The firm has a fifty day simple moving average of $31.77 and a 200-day simple moving average of $29.98. The firm has a market cap of $37.44 million, a price-to-earnings ratio of 14.98 and a beta of 0.57.

Hedge Funds Weigh In On Franklin FTSE Asia ex Japan ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. acquired a new stake in shares of Franklin FTSE Asia ex Japan ETF during the 2nd quarter worth approximately $46,000. Retirement Planning Group LLC acquired a new stake in shares of Franklin FTSE Asia ex Japan ETF in the 3rd quarter valued at $213,000. Vivaldi Capital Management LP increased its stake in shares of Franklin FTSE Asia ex Japan ETF by 3.8% in the 2nd quarter. Vivaldi Capital Management LP now owns 10,561 shares of the company’s stock valued at $275,000 after purchasing an additional 389 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Franklin FTSE Asia ex Japan ETF by 8.8% in the 3rd quarter. Bank of America Corp DE now owns 19,219 shares of the company’s stock valued at $555,000 after purchasing an additional 1,561 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in shares of Franklin FTSE Asia ex Japan ETF during the 3rd quarter worth $681,000.

About Franklin FTSE Asia ex Japan ETF

The Franklin FTSE Asia ex Japan ETF (FLAX) is an exchange-traded fund that is based on the FTSE Asia ex Japan RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks from developed and emerging Asian countries, excluding Japan. FLAX was launched on Feb 6, 2018 and is managed by Franklin Templeton.