Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Large Volume Increase – What’s Next?

Franklin FTSE Japan ETF (NYSEARCA:FLJP) shares saw unusually-high trading volume on Thursday . Approximately 2,849,299 shares changed hands during mid-day trading, an increase of 125% from the previous session’s volume of 1,268,473 shares.The stock last traded at $38.79 and had previously closed at $39.35.

Franklin FTSE Japan ETF Price Performance

The firm’s fifty day moving average price is $39.65 and its 200-day moving average price is $38.18. The firm has a market capitalization of $3.93 billion, a P/E ratio of 14.28 and a beta of 0.65.

Institutional Investors Weigh In On Franklin FTSE Japan ETF

A number of institutional investors have recently added to or reduced their stakes in FLJP. Annis Gardner Whiting Capital Advisors LLC bought a new position in Franklin FTSE Japan ETF during the 4th quarter valued at $25,000. Sunbelt Securities Inc. raised its stake in shares of Franklin FTSE Japan ETF by 475.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,150 shares of the company’s stock worth $40,000 after buying an additional 950 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Franklin FTSE Japan ETF in the 4th quarter worth $41,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Franklin FTSE Japan ETF in the fourth quarter valued at $59,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Franklin FTSE Japan ETF by 40.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,806 shares of the company’s stock valued at $62,000 after buying an additional 522 shares during the period.

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.