Franklin FTSE Japan ETF (NYSEARCA:FLJP) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP – Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $39.23 and traded as low as $37.74. Franklin FTSE Japan ETF shares last traded at $37.80, with a volume of 3,263,236 shares traded.

Franklin FTSE Japan ETF Stock Down 0.2%

The firm has a market capitalization of $4.03 billion, a P/E ratio of 14.28 and a beta of 0.73. The stock has a fifty day moving average of $40.91 and a 200-day moving average of $39.24.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Large investors have recently bought and sold shares of the company. Fisher Asset Management LLC bought a new position in shares of Franklin FTSE Japan ETF during the 3rd quarter worth approximately $344,665,000. Bank of America Corp DE boosted its holdings in Franklin FTSE Japan ETF by 12.4% during the first quarter. Bank of America Corp DE now owns 13,696,433 shares of the company’s stock worth $495,537,000 after purchasing an additional 1,515,922 shares during the last quarter. Citadel Advisors LLC boosted its holdings in Franklin FTSE Japan ETF by 1,509.9% during the second quarter. Citadel Advisors LLC now owns 1,125,309 shares of the company’s stock worth $44,731,000 after purchasing an additional 1,055,408 shares during the last quarter. Principal Financial Group Inc. bought a new position in Franklin FTSE Japan ETF in the first quarter valued at $23,938,000. Finally, Morningstar Investment Management LLC bought a new position in Franklin FTSE Japan ETF in the first quarter valued at $11,886,000.

About Franklin FTSE Japan ETF

(Get Free Report)

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.

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