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

Shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw unusually-high trading volume on Thursday . 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 Stock Performance

The company has a market cap of $3.91 billion, a price-to-earnings ratio of 14.28 and a beta of 0.65. The company’s 50 day moving average price is $39.67 and its 200 day moving average price is $38.15.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

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