Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Unusually-High Trading Volume

Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw unusually-high trading volume on Thursday . Approximately 1,362,270 shares changed hands during mid-day trading, an increase of 129% from the previous session’s volume of 594,543 shares.The stock last traded at $29.01 and had previously closed at $29.45.

Franklin FTSE Japan ETF Stock Up 0.9 %

The company has a market cap of $1.88 billion, a PE ratio of 13.40 and a beta of 0.72. The stock has a 50-day moving average of $30.22 and a 200-day moving average of $28.43.

Institutional Investors Weigh In On Franklin FTSE Japan ETF

Large investors have recently added to or reduced their stakes in the company. Kensington Asset Management LLC purchased a new position in shares of Franklin FTSE Japan ETF in the fourth quarter worth about $3,865,000. Vontobel Holding Ltd. increased its holdings in shares of Franklin FTSE Japan ETF by 12.3% in the fourth quarter. Vontobel Holding Ltd. now owns 91,300 shares of the company’s stock worth $2,555,000 after buying an additional 10,000 shares during the period. Arvest Investments Inc. purchased a new position in shares of Franklin FTSE Japan ETF in the fourth quarter worth about $6,227,000. Envestnet Asset Management Inc. increased its holdings in shares of Franklin FTSE Japan ETF by 95.1% in the third quarter. Envestnet Asset Management Inc. now owns 748,011 shares of the company’s stock worth $19,785,000 after buying an additional 364,700 shares during the period. Finally, Orion Portfolio Solutions LLC increased its holdings in shares of Franklin FTSE Japan ETF by 294.0% in the third quarter. Orion Portfolio Solutions LLC now owns 62,990 shares of the company’s stock worth $1,666,000 after buying an additional 47,001 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.