Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Large Volume Increase – Here’s Why

Franklin FTSE Japan ETF (NYSEARCA:FLJP) shares saw strong trading volume on Tuesday . 3,818,825 shares were traded during mid-day trading, an increase of 196% from the previous session’s volume of 1,288,621 shares.The stock last traded at $39.93 and had previously closed at $40.72.

Franklin FTSE Japan ETF Price Performance

The business’s 50 day moving average is $39.50 and its 200-day moving average is $37.80. The company has a market cap of $3.75 billion, a PE ratio of 14.28 and a beta of 0.65.

Institutional Investors Weigh In On Franklin FTSE Japan ETF

Several institutional investors have recently modified their holdings of FLJP. Harbor Capital Advisors Inc. acquired a new stake in Franklin FTSE Japan ETF in the fourth quarter valued at $10,113,000. Tradewinds Capital Management LLC purchased a new position in shares of Franklin FTSE Japan ETF in the 4th quarter valued at about $14,100,000. Westview Management dba Westview Investment Advisors acquired a new stake in shares of Franklin FTSE Japan ETF during the 4th quarter worth about $4,631,000. UBS Group AG raised its position in shares of Franklin FTSE Japan ETF by 156.2% during the 4th quarter. UBS Group AG now owns 530,644 shares of the company’s stock worth $18,281,000 after acquiring an additional 323,509 shares in the last quarter. Finally, ES4 LLC acquired a new stake in Franklin FTSE Japan ETF during the fourth quarter worth approximately $6,665,000.

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.