Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Stock Price Down 1.1% – Time to Sell?

Shares of Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAXGet Free Report) dropped 1.1% during trading on Tuesday . The stock traded as low as $30.85 and last traded at $30.88. Approximately 11,121 shares changed hands during mid-day trading, an increase of 54% from the average daily volume of 7,243 shares. The stock had previously closed at $31.23.

Franklin FTSE Asia ex Japan ETF Trading Down 1.1%

The stock’s 50-day moving average price is $29.89 and its two-hundred day moving average price is $28.73. The stock has a market capitalization of $37.06 million, a P/E ratio of 14.98 and a beta of 0.57.

Institutional Trading of Franklin FTSE Asia ex Japan ETF

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

About Franklin FTSE Asia ex Japan ETF

(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.

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