Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw strong trading volume on Tuesday . Approximately 3,818,825 shares changed hands 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 company has a market capitalization of $3.84 billion, a P/E ratio of 14.28 and a beta of 0.65. The stock’s 50 day moving average is $39.41 and its 200-day moving average is $37.74.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in shares of Franklin FTSE Japan ETF by 12.4% during the 1st quarter. Bank of America Corp DE now owns 13,696,433 shares of the company’s stock valued at $495,537,000 after buying an additional 1,515,922 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Franklin FTSE Japan ETF in the 1st quarter worth about $23,938,000. Tradewinds Capital Management LLC bought a new position in shares of Franklin FTSE Japan ETF in the 4th quarter worth about $14,100,000. Morningstar Investment Management LLC purchased a new position in Franklin FTSE Japan ETF during the 1st quarter valued at about $11,886,000. Finally, Quadrature Capital Ltd purchased a new position in Franklin FTSE Japan ETF during the 4th quarter valued at about $11,306,000.

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.