Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Unusually-High Trading Volume – Here’s What Happened

Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw unusually-high trading volume on Tuesday . 3,818,825 shares changed hands during trading, an increase of 196% from the previous session’s volume of 1,288,621 shares.The stock last traded at $39.93 and had previously closed at $40.72.

Franklin FTSE Japan ETF Stock Down 1.8%

The company has a market cap of $3.84 billion, a P/E ratio of 14.28 and a beta of 0.65. The company has a fifty day moving average of $39.41 and a 200 day moving average of $37.74.

Institutional Investors Weigh In On Franklin FTSE Japan ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in Franklin FTSE Japan ETF by 12.4% during the first quarter. Bank of America Corp DE now owns 13,696,433 shares of the company’s stock valued at $495,537,000 after purchasing an additional 1,515,922 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Franklin FTSE Japan ETF in the first quarter worth $23,938,000. Tradewinds Capital Management LLC bought a new stake in shares of Franklin FTSE Japan ETF during the 4th quarter valued at $14,100,000. Morningstar Investment Management LLC bought a new stake in shares of Franklin FTSE Japan ETF during the 1st quarter valued at $11,886,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Franklin FTSE Japan ETF during the 4th quarter valued at $11,306,000.

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.