Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) Stock Price Down 1.2%

Shares of Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) were down 1.2% on Wednesday . The company traded as low as $30.29 and last traded at $30.39. Approximately 39,957 shares changed hands during mid-day trading, an increase of 40% from the average daily volume of 28,490 shares. The stock had previously closed at $30.77.

Franklin FTSE Japan Hedged ETF Price Performance

The stock has a fifty day simple moving average of $30.48 and a two-hundred day simple moving average of $30.12. The firm has a market capitalization of $238.42 million, a P/E ratio of 13.59 and a beta of 0.62.

Institutional Investors Weigh In On Franklin FTSE Japan Hedged ETF

Hedge funds have recently added to or reduced their stakes in the company. UBS Group AG boosted its position in shares of Franklin FTSE Japan Hedged ETF by 2,190.2% during the second quarter. UBS Group AG now owns 1,168 shares of the company’s stock valued at $34,000 after buying an additional 1,117 shares during the last quarter. Private Trust Co. NA purchased a new position in shares of Franklin FTSE Japan Hedged ETF during the third quarter valued at approximately $93,000. Bank of America Corp DE boosted its position in shares of Franklin FTSE Japan Hedged ETF by 21.2% during the fourth quarter. Bank of America Corp DE now owns 3,277 shares of the company’s stock valued at $80,000 after buying an additional 573 shares during the last quarter. Carnegie Capital Asset Management LLC purchased a new position in shares of Franklin FTSE Japan Hedged ETF during the third quarter valued at approximately $249,000. Finally, Matrix Trust Co lifted its holdings in Franklin FTSE Japan Hedged ETF by 128.9% during the third quarter. Matrix Trust Co now owns 7,953 shares of the company’s stock worth $251,000 after acquiring an additional 4,479 shares during the period.

About Franklin FTSE Japan Hedged ETF

The Franklin FTSE Japan Hedged ETF (FLJH) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap companies in Japan. The fund is currency hedged for USD-based investors. FLJH was launched on Nov 2, 2017 and is managed by Franklin Templeton.