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

Shares of Franklin FTSE Japan ETF (NYSEARCA:FLJPGet Free Report) saw an uptick in trading volume on Friday . 2,831,002 shares changed hands during trading, an increase of 131% from the previous session’s volume of 1,225,788 shares.The stock last traded at $35.22 and had previously closed at $35.43.

Franklin FTSE Japan ETF Price Performance

The firm’s 50 day moving average price is $37.39 and its 200-day moving average price is $35.99. The stock has a market cap of $2.58 billion, a P/E ratio of 14.28 and a beta of 0.65.

Institutional Investors Weigh In On Franklin FTSE Japan ETF

Institutional investors have recently modified their holdings of the business. CWM LLC lifted its holdings in shares of Franklin FTSE Japan ETF by 205.7% during the 3rd quarter. CWM LLC now owns 35,617 shares of the company’s stock valued at $1,231,000 after buying an additional 23,966 shares during the period. Cetera Investment Advisers grew its holdings in shares of Franklin FTSE Japan ETF by 31.2% in the second quarter. Cetera Investment Advisers now owns 43,242 shares of the company’s stock worth $1,390,000 after acquiring an additional 10,272 shares during the period. Flow Traders U.S. LLC purchased a new stake in Franklin FTSE Japan ETF during the second quarter valued at $1,055,000. Accordant Advisory Group Inc increased its position in Franklin FTSE Japan ETF by 24.9% during the third quarter. Accordant Advisory Group Inc now owns 149,839 shares of the company’s stock valued at $5,178,000 after acquiring an additional 29,874 shares during the last quarter. Finally, Avestar Capital LLC bought a new position in Franklin FTSE Japan ETF in the second quarter valued at about $10,349,000.

Franklin FTSE Japan ETF Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Franklin FTSE Japan ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin FTSE Japan ETF and related companies with MarketBeat.com's FREE daily email newsletter.