Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Unusually-High Trading Volume – What’s Next?

Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw an uptick in trading volume on Wednesday . 3,371,608 shares were traded during trading, an increase of 341% from the previous session’s volume of 763,928 shares.The stock last traded at $30.12 and had previously closed at $30.25.

Franklin FTSE Japan ETF Stock Performance

The firm’s 50-day moving average price is $29.57 and its two-hundred day moving average price is $29.63. The firm has a market cap of $1.95 billion, a PE ratio of 14.01 and a beta of 0.75.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Large investors have recently bought and sold shares of the stock. Benjamin Edwards Inc. lifted its holdings in shares of Franklin FTSE Japan ETF by 5.2% in the 1st quarter. Benjamin Edwards Inc. now owns 7,113 shares of the company’s stock valued at $221,000 after purchasing an additional 353 shares during the last quarter. Truist Financial Corp lifted its stake in Franklin FTSE Japan ETF by 2.1% in the second quarter. Truist Financial Corp now owns 19,878 shares of the company’s stock valued at $572,000 after buying an additional 404 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Franklin FTSE Japan ETF by 38.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,362 shares of the company’s stock valued at $68,000 after acquiring an additional 657 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Franklin FTSE Japan ETF by 11.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,735 shares of the company’s stock valued at $240,000 after acquiring an additional 808 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Franklin FTSE Japan ETF by 5.2% during the second quarter. EverSource Wealth Advisors LLC now owns 16,664 shares of the company’s stock worth $500,000 after acquiring an additional 818 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.