Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Large Volume Increase – Here’s Why

Shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw unusually-strong trading volume on Monday . Approximately 1,101,306 shares traded hands during trading, an increase of 106% from the previous session’s volume of 533,672 shares.The stock last traded at $29.42 and had previously closed at $29.42.

Franklin FTSE Japan ETF Stock Performance

The stock has a market cap of $1.90 billion, a P/E ratio of 14.01 and a beta of 0.75. The business has a 50 day simple moving average of $28.83 and a 200-day simple moving average of $29.29.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Several institutional investors and hedge funds have recently bought and sold shares of FLJP. US Bancorp DE lifted its position in shares of Franklin FTSE Japan ETF by 122.0% during the fourth quarter. US Bancorp DE now owns 957 shares of the company’s stock worth $27,000 after acquiring an additional 526 shares in the last quarter. Huntington National Bank increased its position in shares of Franklin FTSE Japan ETF by 139.0% during the fourth quarter. Huntington National Bank now owns 956 shares of the company’s stock valued at $27,000 after buying an additional 556 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of Franklin FTSE Japan ETF by 6.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 17,659 shares of the company’s stock valued at $505,000 after buying an additional 1,068 shares during the period. Arvest Investments Inc. boosted its position in shares of Franklin FTSE Japan ETF by 0.5% in the third quarter. Arvest Investments Inc. now owns 208,680 shares of the company’s stock valued at $6,348,000 after acquiring an additional 1,078 shares during the period. Finally, Altman Advisors Inc. boosted its position in shares of Franklin FTSE Japan ETF by 2.3% in the third quarter. Altman Advisors Inc. now owns 52,205 shares of the company’s stock valued at $1,588,000 after acquiring an additional 1,159 shares during the period.

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.