Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Large Volume Increase – Time to Buy?

Franklin FTSE Japan ETF (NYSEARCA:FLJP) shares saw unusually-high trading volume on Wednesday . Approximately 3,371,608 shares were traded during mid-day trading, an increase of 341% from the previous session’s volume of 763,928 shares.The stock last traded at $30.12 and had previously closed at $30.25.

Franklin FTSE Japan ETF Stock Down 0.5 %

The stock has a market cap of $1.95 billion, a PE ratio of 14.01 and a beta of 0.75. The stock has a 50-day moving average of $29.57 and a 200 day moving average of $29.63.

Institutional Investors Weigh In On Franklin FTSE Japan ETF

Hedge funds have recently modified their holdings of the company. RiverFront Investment Group LLC raised its stake in Franklin FTSE Japan ETF by 8.7% during the second quarter. RiverFront Investment Group LLC now owns 485,787 shares of the company’s stock worth $13,971,000 after purchasing an additional 38,840 shares during the period. Cetera Investment Advisers lifted its holdings in Franklin FTSE Japan ETF by 271.4% in the second quarter. Cetera Investment Advisers now owns 40,408 shares of the company’s stock valued at $1,162,000 after acquiring an additional 29,527 shares during the last quarter. Truist Financial Corp grew its position in Franklin FTSE Japan ETF by 2.1% in the second quarter. Truist Financial Corp now owns 19,878 shares of the company’s stock worth $572,000 after acquiring an additional 404 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Franklin FTSE Japan ETF by 38.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,362 shares of the company’s stock valued at $68,000 after purchasing an additional 657 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of 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 purchasing an additional 43,635 shares during the last quarter.

About Franklin FTSE Japan ETF

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.