Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Trading 1% Higher – Time to Buy?

Shares of Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) shot up 1% during mid-day trading on Wednesday . The stock traded as high as $33.00 and last traded at $32.94. 4,884 shares were traded during trading, a decline of 21% from the average session volume of 6,160 shares. The stock had previously closed at $32.60.

Franklin FTSE Asia ex Japan ETF Trading Up 1.0%

The firm has a market capitalization of $39.53 million, a PE ratio of 14.98 and a beta of 0.57. The company has a fifty day moving average price of $30.67 and a two-hundred day moving average price of $29.32.

Institutional Investors Weigh In On Franklin FTSE Asia ex Japan ETF

Several large investors have recently modified their holdings of FLAX. PGIM Custom Harvest LLC increased its holdings in shares of Franklin FTSE Asia ex Japan ETF by 19.4% in the 2nd quarter. PGIM Custom Harvest LLC now owns 166,983 shares of the company’s stock valued at $4,342,000 after acquiring an additional 27,116 shares during the period. Vivaldi Capital Management LP grew its position 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 worth $275,000 after purchasing an additional 389 shares during the last quarter. Jane Street Group LLC increased its stake in Franklin FTSE Asia ex Japan ETF by 50.6% in the second 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 period. Corient Private Wealth LLC raised its holdings in shares of Franklin FTSE Asia ex Japan ETF by 70.1% in the second quarter. Corient Private Wealth LLC now owns 39,673 shares of the company’s stock valued at $1,032,000 after buying an additional 16,350 shares during the last quarter. Finally, Osaic Holdings Inc. purchased a new stake in shares of Franklin FTSE Asia ex Japan ETF in the second quarter valued at about $46,000.

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.