Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Trading Down 2.1% – What’s Next?

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAXGet Free Report) shares traded down 2.1% during trading on Thursday . The company traded as low as $30.84 and last traded at $31.20. 19,648 shares traded hands during trading, an increase of 94% from the average session volume of 10,110 shares. The stock had previously closed at $31.86.

Franklin FTSE Asia ex Japan ETF Stock Performance

The stock has a fifty day simple moving average of $31.77 and a two-hundred day simple moving average of $29.98. The stock has a market capitalization of $37.44 million, a price-to-earnings ratio of 14.98 and a beta of 0.57.

Institutional Investors Weigh In On Franklin FTSE Asia ex Japan ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. acquired a new position in Franklin FTSE Asia ex Japan ETF in the second quarter valued at approximately $46,000. Retirement Planning Group LLC acquired a new stake in shares of Franklin FTSE Asia ex Japan ETF during the 3rd quarter worth approximately $213,000. Vivaldi Capital Management LP increased its stake in shares of 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 valued at $275,000 after acquiring an additional 389 shares in the last quarter. Bank of America Corp DE lifted its position 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 acquiring an additional 1,561 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in shares of Franklin FTSE Asia ex Japan ETF during the 3rd quarter valued at $681,000.

Franklin FTSE Asia ex Japan ETF Company Profile

(Get Free Report)

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.

Further Reading

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