Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Stock Price Down 1.1% – Here’s What Happened

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) was down 1.1% during trading on Monday . The stock traded as low as $29.64 and last traded at $29.66. Approximately 1,326 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 6,587 shares. The stock had previously closed at $29.98.

Franklin FTSE Asia ex Japan ETF Stock Down 1.1%

The company has a market capitalization of $35.59 million, a PE ratio of 14.98 and a beta of 0.57. The stock’s fifty day simple moving average is $29.38 and its 200-day simple moving average is $27.18.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Osaic Holdings Inc. acquired a new stake in Franklin FTSE Asia ex Japan ETF during the 2nd quarter valued at $46,000. Retirement Planning Group LLC acquired a new position in Franklin FTSE Asia ex Japan ETF during the 3rd quarter valued at approximately $213,000. Vivaldi Capital Management LP boosted its stake in Franklin FTSE Asia ex Japan ETF by 3.8% during the 2nd quarter. Vivaldi Capital Management LP now owns 10,561 shares of the company’s stock valued at $275,000 after purchasing an additional 389 shares during the period. Bank of America Corp DE boosted its position in Franklin FTSE Asia ex Japan ETF by 8.8% during the 3rd quarter. Bank of America Corp DE now owns 19,219 shares of the company’s stock worth $555,000 after acquiring an additional 1,561 shares during the period. Finally, Flow Traders U.S. LLC raised its position in shares of Franklin FTSE Asia ex Japan ETF by 8.6% during the 1st quarter. Flow Traders U.S. LLC now owns 26,644 shares of the company’s stock worth $624,000 after buying an additional 2,110 shares in the last quarter.

Franklin FTSE Asia ex Japan ETF Company Profile

The Franklin FTSE Asia ex Japan ETF (FLAX) is an exchange-traded fund that is based on the FTSE Asia ex Japan RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks from developed and emerging Asian countries, excluding Japan. FLAX was launched on Feb 6, 2018 and is managed by Franklin Templeton.