Franklin FTSE Japan ETF (NYSEARCA:FLJP) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Franklin FTSE Japan ETF (NYSEARCA:FLJP) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $39.23 and traded as low as $37.74. Franklin FTSE Japan ETF shares last traded at $37.80, with a volume of 3,263,236 shares changing hands.

Franklin FTSE Japan ETF Stock Down 5.5%

The firm has a fifty day moving average of $40.97 and a 200-day moving average of $39.23. The firm has a market cap of $4.04 billion, a P/E ratio of 14.28 and a beta of 0.73.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in shares of Franklin FTSE Japan ETF by 12.4% in the 1st 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 during the last quarter. Citadel Advisors LLC grew its position in shares of Franklin FTSE Japan ETF by 1,509.9% during the 2nd quarter. Citadel Advisors LLC now owns 1,125,309 shares of the company’s stock worth $44,731,000 after buying an additional 1,055,408 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Franklin FTSE Japan ETF during the 1st quarter worth approximately $23,938,000. Morningstar Investment Management LLC bought a new stake in shares of Franklin FTSE Japan ETF during the first quarter worth approximately $11,886,000. Finally, Paragon Capital Management Ltd raised its stake in shares of Franklin FTSE Japan ETF by 0.4% during the third quarter. Paragon Capital Management Ltd now owns 223,473 shares of the company’s stock worth $9,252,000 after buying an additional 831 shares during the last quarter.

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.