Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Stock Price Down 1.1% – Should You Sell?

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX)’s stock price fell 1.1% on Tuesday . The stock traded as low as $30.85 and last traded at $30.88. 11,121 shares changed hands during trading, an increase of 54% from the average session volume of 7,243 shares. The stock had previously closed at $31.23.

Franklin FTSE Asia ex Japan ETF Price Performance

The company’s fifty day moving average price is $29.89 and its 200 day moving average price is $28.73. The company has a market cap of $37.06 million, a PE ratio of 14.98 and a beta of 0.57.

Hedge Funds Weigh In On Franklin FTSE Asia ex Japan ETF

Hedge funds have recently modified their holdings of the company. PGIM Custom Harvest LLC increased its position in shares of Franklin FTSE Asia ex Japan ETF by 0.5% during the third quarter. PGIM Custom Harvest LLC now owns 167,838 shares of the company’s stock valued at $4,847,000 after acquiring an additional 855 shares during the last quarter. Jane Street Group LLC increased its position in shares of Franklin FTSE Asia ex Japan ETF by 50.6% during the 2nd quarter. Jane Street Group LLC now owns 61,897 shares of the company’s stock valued at $1,609,000 after purchasing an additional 20,806 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Franklin FTSE Asia ex Japan ETF by 70.1% during the 2nd quarter. Corient Private Wealth LLC now owns 39,674 shares of the company’s stock worth $1,032,000 after purchasing an additional 16,351 shares during the period. Susquehanna International Group LLP purchased a new position in shares of Franklin FTSE Asia ex Japan ETF in the 3rd quarter worth about $681,000. Finally, Bank of America Corp DE boosted its holdings in shares of Franklin FTSE Asia ex Japan ETF by 8.8% in the 3rd quarter. Bank of America Corp DE now owns 19,219 shares of the company’s stock worth $555,000 after buying an additional 1,561 shares during the last quarter.

About Franklin FTSE Asia ex Japan ETF

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.