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

Shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw strong trading volume on Friday . 2,831,002 shares were traded during trading, an increase of 131% from the previous session’s volume of 1,225,788 shares.The stock last traded at $35.22 and had previously closed at $35.43.

Franklin FTSE Japan ETF Stock Performance

The company’s 50-day moving average price is $37.39 and its 200 day moving average price is $35.99. The stock has a market cap of $2.58 billion, a PE ratio of 14.28 and a beta of 0.65.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Blair William & Co. IL boosted its stake in shares of Franklin FTSE Japan ETF by 2.6% during the 4th quarter. Blair William & Co. IL now owns 9,991 shares of the company’s stock worth $344,000 after acquiring an additional 256 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Franklin FTSE Japan ETF by 5.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,968 shares of the company’s stock worth $171,000 after purchasing an additional 266 shares in the last quarter. BOS Asset Management LLC increased its stake in shares of Franklin FTSE Japan ETF by 3.6% in the 3rd quarter. BOS Asset Management LLC now owns 8,527 shares of the company’s stock worth $295,000 after purchasing an additional 295 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Franklin FTSE Japan ETF by 3.9% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 7,936 shares of the company’s stock worth $274,000 after purchasing an additional 300 shares during the period. Finally, Paces Ferry Wealth Advisors LLC raised its holdings in Franklin FTSE Japan ETF by 3.3% in the 3rd quarter. Paces Ferry Wealth Advisors LLC now owns 10,600 shares of the company’s stock worth $366,000 after purchasing an additional 340 shares during the period.

Franklin FTSE Japan ETF Company Profile

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.