Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Strong Trading Volume – Here’s What Happened

Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw unusually-strong trading volume on Tuesday. 6,598,069 shares changed hands during mid-day 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 Performance

The business’s 50-day moving average is $40.88 and its 200-day moving average is $39.26. The company has a market capitalization of $4.11 billion, a PE ratio of 14.28 and a beta of 0.73.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. HighTower Advisors LLC bought a new position in Franklin FTSE Japan ETF in the third quarter worth approximately $1,527,000. ES4 LLC raised its position in shares of Franklin FTSE Japan ETF by 0.4% in the 3rd quarter. ES4 LLC now owns 194,281 shares of the company’s stock worth $8,043,000 after acquiring an additional 804 shares in the last quarter. White Pine Capital LLC purchased a new stake in shares of Franklin FTSE Japan ETF during the 3rd quarter worth $207,000. Fisher Asset Management LLC purchased a new stake in shares of Franklin FTSE Japan ETF during the 3rd quarter worth $344,665,000. Finally, Asset One Wealth Management LLC lifted its stake in shares of Franklin FTSE Japan ETF by 10.1% during the 3rd quarter. Asset One Wealth Management LLC now owns 32,239 shares of the company’s stock worth $1,335,000 after purchasing an additional 2,947 shares during the last quarter.

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.