Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Strong Trading Volume

Franklin FTSE Japan ETF (NYSEARCA:FLJP) shares saw unusually-strong trading volume on Thursday . Approximately 1,362,270 shares traded hands during trading, an increase of 129% from the previous session’s volume of 594,543 shares.The stock last traded at $29.01 and had previously closed at $29.45.

Franklin FTSE Japan ETF Price Performance

The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 13.40 and a beta of 0.72. The company’s fifty day moving average price is $30.22 and its 200-day moving average price is $28.43.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Hedge funds have recently modified their holdings of the stock. Leavell Investment Management Inc. increased its holdings in Franklin FTSE Japan ETF by 20.6% in the 1st quarter. Leavell Investment Management Inc. now owns 50,471 shares of the company’s stock worth $1,566,000 after buying an additional 8,610 shares during the period. Global Retirement Partners LLC increased its holdings in Franklin FTSE Japan ETF by 29.9% in the 1st quarter. Global Retirement Partners LLC now owns 12,705 shares of the company’s stock worth $394,000 after buying an additional 2,928 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Franklin FTSE Japan ETF in the 1st quarter worth approximately $10,498,000. Raymond James & Associates increased its holdings in Franklin FTSE Japan ETF by 13.8% in the 1st quarter. Raymond James & Associates now owns 237,176 shares of the company’s stock worth $7,360,000 after buying an additional 28,683 shares during the period. Finally, Norden Group LLC acquired a new position in Franklin FTSE Japan ETF in the 1st quarter worth approximately $2,115,000.

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.