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

Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw unusually-high trading volume on Friday . Approximately 2,831,002 shares traded hands during mid-day 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 has a market capitalization of $2.58 billion, a P/E ratio of 14.28 and a beta of 0.65. The firm has a 50-day moving average price of $37.36 and a two-hundred day moving average price of $36.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in Franklin FTSE Japan ETF by 4.2% in the 3rd quarter. Bank of America Corp DE now owns 11,836,372 shares of the company’s stock valued at $409,065,000 after buying an additional 476,703 shares during the period. Tradewinds Capital Management LLC purchased a new position in shares of Franklin FTSE Japan ETF during the fourth quarter worth approximately $14,100,000. Cercano Management LLC purchased a new position in shares of Franklin FTSE Japan ETF during the third quarter worth approximately $13,791,000. Quadrature Capital Ltd bought a new stake in shares of Franklin FTSE Japan ETF during the fourth quarter valued at approximately $11,306,000. Finally, UBS Group AG raised its stake in shares of Franklin FTSE Japan ETF by 156.2% during the fourth quarter. UBS Group AG now owns 530,644 shares of the company’s stock valued at $18,281,000 after acquiring an additional 323,509 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.