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

Franklin FTSE Japan ETF (NYSEARCA:FLJPGet Free Report) saw an uptick in trading volume on Tuesday . 1,530,303 shares were traded during trading, an increase of 136% from the previous session’s volume of 648,708 shares.The stock last traded at $29.10 and had previously closed at $28.90.

Franklin FTSE Japan ETF Trading Up 1.5 %

The business’s fifty day moving average price is $28.90 and its 200 day moving average price is $29.24. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 14.01 and a beta of 0.75.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Several institutional investors have recently bought and sold shares of FLJP. NewEdge Advisors LLC increased its stake in Franklin FTSE Japan ETF by 30.0% in the 2nd quarter. NewEdge Advisors LLC now owns 189,117 shares of the company’s stock valued at $5,439,000 after buying an additional 43,635 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Franklin FTSE Japan ETF by 38.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,362 shares of the company’s stock valued at $68,000 after buying an additional 657 shares during the period. Truist Financial Corp increased its stake in Franklin FTSE Japan ETF by 2.1% in the 2nd quarter. Truist Financial Corp now owns 19,878 shares of the company’s stock valued at $572,000 after buying an additional 404 shares during the period. Cetera Investment Advisers grew its stake in shares of Franklin FTSE Japan ETF by 271.4% during the 2nd quarter. Cetera Investment Advisers now owns 40,408 shares of the company’s stock worth $1,162,000 after purchasing an additional 29,527 shares during the period. Finally, RiverFront Investment Group LLC increased its holdings in shares of Franklin FTSE Japan ETF by 8.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 485,787 shares of the company’s stock valued at $13,971,000 after purchasing an additional 38,840 shares in the last quarter.

About Franklin FTSE Japan ETF

(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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