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

Franklin FTSE Japan ETF (NYSEARCA:FLJP) shares saw unusually-high trading volume on Tuesday. 6,598,069 shares were traded during trading, an increase of 473% from the average daily volume of 1,151,805 shares. The stock last traded at $38.5250 and had previously closed at $39.08.

Franklin FTSE Japan ETF Stock Down 0.6%

The firm has a 50-day moving average of $40.80 and a two-hundred day moving average of $39.28. The company has a market capitalization of $4.17 billion, a PE ratio of 15.61 and a beta of 0.72.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Fisher Asset Management LLC purchased a new stake in shares of Franklin FTSE Japan ETF in the third quarter valued at approximately $344,665,000. Bank of America Corp DE lifted its position in shares of Franklin FTSE Japan ETF by 12.4% during 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 buying an additional 1,515,922 shares in the last quarter. Citadel Advisors LLC lifted 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 valued at $44,731,000 after buying an additional 1,055,408 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Franklin FTSE Japan ETF in the 1st quarter valued at $23,938,000. Finally, Morningstar Investment Management LLC acquired a new stake in Franklin FTSE Japan ETF in the 1st quarter valued at $11,886,000.

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.