Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Unusually-High Trading Volume – What’s Next?

Shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw unusually-strong trading volume on Friday . Approximately 2,600,317 shares traded hands during trading, an increase of 236% from the previous session’s volume of 774,517 shares.The stock last traded at $30.49 and had previously closed at $30.50.

Franklin FTSE Japan ETF Stock Down 0.0 %

The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 14.50 and a beta of 0.63. The business’s fifty day moving average is $29.27 and its 200 day moving average is $29.34.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its stake in Franklin FTSE Japan ETF by 8.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,739 shares of the company’s stock valued at $565,000 after acquiring an additional 1,503 shares in the last quarter. Yoffe Investment Management LLC bought a new stake in shares of Franklin FTSE Japan ETF in the fourth quarter worth $326,000. Heck Capital Advisors LLC acquired a new position in Franklin FTSE Japan ETF during the fourth quarter worth $5,220,000. Main Management ETF Advisors LLC grew its position in Franklin FTSE Japan ETF by 0.6% in the fourth quarter. Main Management ETF Advisors LLC now owns 592,730 shares of the company’s stock valued at $16,958,000 after purchasing an additional 3,585 shares in the last quarter. Finally, Chapman Financial Group LLC acquired a new stake in Franklin FTSE Japan ETF in the 4th quarter valued at $458,000.

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.