Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Trading Down 0.1% – Here’s Why

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX)’s share price traded down 0.1% during trading on Monday . The stock traded as low as $29.50 and last traded at $29.57. 2,970 shares were traded during mid-day trading, a decline of 52% from the average session volume of 6,220 shares. The stock had previously closed at $29.61.

Franklin FTSE Asia ex Japan ETF Stock Down 0.2%

The business has a 50 day moving average price of $29.67 and a two-hundred day moving average price of $28.21. The stock has a market cap of $35.56 million, a P/E ratio of 14.98 and a beta of 0.57.

Institutional Investors Weigh In On Franklin FTSE Asia ex Japan ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. purchased a new position in shares of Franklin FTSE Asia ex Japan ETF in the second quarter worth $46,000. Retirement Planning Group LLC purchased a new stake in Franklin FTSE Asia ex Japan ETF in the 3rd quarter worth $213,000. Vivaldi Capital Management LP lifted its stake in Franklin FTSE Asia ex Japan ETF by 3.8% in the 2nd quarter. Vivaldi Capital Management LP now owns 10,561 shares of the company’s stock worth $275,000 after purchasing an additional 389 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Franklin FTSE Asia ex Japan ETF by 8.8% during the 3rd quarter. Bank of America Corp DE now owns 19,219 shares of the company’s stock valued at $555,000 after purchasing an additional 1,561 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of Franklin FTSE Asia ex Japan ETF during the third quarter valued at about $681,000.

Franklin FTSE Asia ex Japan ETF Company Profile

The Franklin FTSE Asia ex Japan ETF (FLAX) is an exchange-traded fund that is based on the FTSE Asia ex Japan RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks from developed and emerging Asian countries, excluding Japan. FLAX was launched on Feb 6, 2018 and is managed by Franklin Templeton.