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

Franklin FTSE Japan ETF (NYSEARCA:FLJPGet Free Report) shares saw unusually-strong trading volume on Friday . Approximately 2,600,317 shares traded hands during trading, an increase of 236% from the previous session’s volume of 774,517 shares.The stock last traded at $30.49 and had previously closed at $30.50.

Franklin FTSE Japan ETF Stock Down 0.0 %

The stock has a market capitalization of $1.98 billion, a P/E ratio of 14.50 and a beta of 0.63. The stock has a 50 day simple moving average of $29.27 and a two-hundred day simple moving average of $29.34.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank raised its stake in Franklin FTSE Japan ETF by 139.0% in the fourth quarter. Huntington National Bank now owns 956 shares of the company’s stock valued at $27,000 after buying an additional 556 shares during the period. US Bancorp DE raised its stake in Franklin FTSE Japan ETF by 122.0% in the 4th quarter. US Bancorp DE now owns 957 shares of the company’s stock valued at $27,000 after acquiring an additional 526 shares during the period. Clean Yield Group acquired a new stake in Franklin FTSE Japan ETF during the 4th quarter valued at $50,000. Harbour Investments Inc. lifted its holdings in Franklin FTSE Japan ETF by 188.8% during the 4th quarter. Harbour Investments Inc. now owns 1,854 shares of the company’s stock valued at $53,000 after purchasing an additional 1,212 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Franklin FTSE Japan ETF during the third quarter worth $171,000.

Franklin FTSE Japan ETF Company Profile

(Get Free Report)

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.

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