Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Unusually-High Trading Volume – Time to Buy?

Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw strong trading volume on Wednesday . 3,371,608 shares traded hands during trading, an increase of 341% from the previous session’s volume of 763,928 shares.The stock last traded at $30.12 and had previously closed at $30.25.

Franklin FTSE Japan ETF Stock Up 0.1 %

The stock has a market cap of $1.95 billion, a PE ratio of 14.01 and a beta of 0.75. The stock has a 50-day moving average of $29.60 and a 200 day moving average of $29.64.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Institutional investors have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. raised its position in Franklin FTSE Japan ETF by 5.2% in the first quarter. Benjamin Edwards Inc. now owns 7,113 shares of the company’s stock valued at $221,000 after purchasing an additional 353 shares during the period. Truist Financial Corp raised its position in Franklin FTSE Japan ETF by 2.1% in the second quarter. Truist Financial Corp now owns 19,878 shares of the company’s stock valued at $572,000 after purchasing an additional 404 shares during the period. Northwestern Mutual Wealth Management Co. raised its position 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 valued at $68,000 after purchasing an additional 657 shares during the period. O Shaughnessy Asset Management LLC raised its position in Franklin FTSE Japan ETF by 11.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,735 shares of the company’s stock valued at $240,000 after purchasing an additional 808 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Franklin FTSE Japan ETF by 5.2% in the second quarter. EverSource Wealth Advisors LLC now owns 16,664 shares of the company’s stock valued at $500,000 after purchasing an additional 818 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.