Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Large Volume Increase – Time to Buy?

Shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw strong trading volume on Thursday . 3,059,857 shares changed hands during 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 Down 0.3%

The firm has a 50 day simple moving average of $35.63 and a two-hundred day simple moving average of $34.74. The stock has a market capitalization of $2.70 billion, a P/E ratio of 14.28 and a beta of 0.65.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in Franklin FTSE Japan ETF by 4.2% during the third quarter. Bank of America Corp DE now owns 11,836,372 shares of the company’s stock valued at $409,065,000 after purchasing an additional 476,703 shares during the period. Bank of Montreal Can lifted its holdings in shares of Franklin FTSE Japan ETF by 288.0% in the 2nd quarter. Bank of Montreal Can now owns 662,168 shares of the company’s stock worth $21,289,000 after acquiring an additional 491,525 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Franklin FTSE Japan ETF by 0.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 661,806 shares of the company’s stock valued at $22,872,000 after acquiring an additional 2,046 shares during the period. RiverFront Investment Group LLC grew its stake in shares of Franklin FTSE Japan ETF by 3.0% in the second quarter. RiverFront Investment Group LLC now owns 632,962 shares of the company’s stock worth $20,350,000 after purchasing an additional 18,435 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of Franklin FTSE Japan ETF by 156.2% during the 4th 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.

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.