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

Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw an uptick in trading volume on Thursday . 3,059,857 shares traded hands during mid-day trading, an increase of 275% from the previous session’s volume of 815,298 shares.The stock last traded at $36.6350 and had previously closed at $36.33.

Franklin FTSE Japan ETF Stock Performance

The firm has a market capitalization of $2.71 billion, a PE ratio of 14.28 and a beta of 0.65. The stock’s 50-day simple moving average is $35.54 and its 200-day simple moving average is $34.68.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can boosted its position in Franklin FTSE Japan ETF by 288.0% during the 2nd quarter. Bank of Montreal Can now owns 662,168 shares of the company’s stock valued at $21,289,000 after acquiring an additional 491,525 shares in the last quarter. Bank of America Corp DE raised its position in shares of Franklin FTSE Japan ETF by 4.2% in the 3rd quarter. Bank of America Corp DE now owns 11,836,372 shares of the company’s stock worth $409,065,000 after acquiring an additional 476,703 shares in the last quarter. Tradewinds Capital Management LLC purchased a new position in shares of Franklin FTSE Japan ETF in the 4th quarter valued at approximately $14,100,000. Cercano Management LLC bought a new stake in shares of Franklin FTSE Japan ETF during the third quarter valued at approximately $13,791,000. Finally, UBS Group AG boosted its position in shares of Franklin FTSE Japan ETF by 156.2% during the fourth quarter. UBS Group AG now owns 530,644 shares of the company’s stock valued at $18,281,000 after purchasing an additional 323,509 shares in the last quarter.

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.