Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Large Volume Increase

Shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw an uptick in trading volume on Monday . 1,620,467 shares changed hands during mid-day trading, an increase of 116% from the previous session’s volume of 750,414 shares.The stock last traded at $26.84 and had previously closed at $27.44.

Franklin FTSE Japan ETF Price Performance

The business’s fifty day simple moving average is $29.19 and its 200 day simple moving average is $29.60. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 14.01 and a beta of 0.75.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLJP. Eagle Bay Advisors LLC acquired a new stake in shares of Franklin FTSE Japan ETF in the first quarter worth $40,000. EverSource Wealth Advisors LLC acquired a new position in shares of Franklin FTSE Japan ETF in the 4th quarter valued at $44,000. Tortoise Investment Management LLC acquired a new stake in shares of Franklin FTSE Japan ETF in the 4th quarter valued at approximately $62,000. Benjamin Edwards Inc. raised its holdings in Franklin FTSE Japan ETF by 5.2% in the first quarter. Benjamin Edwards Inc. now owns 7,113 shares of the company’s stock worth $221,000 after purchasing an additional 353 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its stake in Franklin FTSE Japan ETF by 11.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,735 shares of the company’s stock valued at $240,000 after acquiring an additional 808 shares during the period.

About Franklin FTSE Japan ETF

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.