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

Shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw unusually-high trading volume on Thursday . Approximately 3,059,857 shares changed hands during trading, an increase of 275% from the previous session’s volume of 815,298 shares.The stock last traded at $36.6350 and had previously closed at $36.33.

Franklin FTSE Japan ETF Stock Performance

The company’s fifty day moving average is $35.54 and its 200-day moving average is $34.68. The company has a market capitalization of $2.71 billion, a PE ratio of 14.28 and a beta of 0.65.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FLJP. Bank of America Corp DE boosted its position in shares of Franklin FTSE Japan ETF by 4.2% during the 3rd quarter. Bank of America Corp DE now owns 11,836,372 shares of the company’s stock valued at $409,065,000 after acquiring an additional 476,703 shares during the last quarter. Bank of Montreal Can raised its stake in Franklin FTSE Japan ETF by 288.0% during the second quarter. Bank of Montreal Can now owns 662,168 shares of the company’s stock valued at $21,289,000 after purchasing an additional 491,525 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Franklin FTSE Japan ETF by 0.3% during the third quarter. Envestnet Asset Management Inc. now owns 661,806 shares of the company’s stock valued at $22,872,000 after purchasing an additional 2,046 shares during the last quarter. RiverFront Investment Group LLC grew its stake in shares of Franklin FTSE Japan ETF by 3.0% in the 2nd quarter. RiverFront Investment Group LLC now owns 632,962 shares of the company’s stock worth $20,350,000 after buying an additional 18,435 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of Franklin FTSE Japan ETF by 156.2% in the 4th quarter. UBS Group AG now owns 530,644 shares of the company’s stock worth $18,281,000 after buying an additional 323,509 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.