Franklin FTSE Japan ETF (NYSEARCA:FLJP) Reaches New 12-Month High – Here’s What Happened

Franklin FTSE Japan ETF (NYSEARCA:FLJP) hit a new 52-week high during trading on Wednesday . The stock traded as high as $41.73 and last traded at $41.71, with a volume of 23896 shares traded. The stock had previously closed at $40.99.

Franklin FTSE Japan ETF Stock Up 0.6%

The company’s 50-day moving average is $39.84 and its two-hundred day moving average is $38.61. The company has a market capitalization of $4.14 billion, a P/E ratio of 14.28 and a beta of 0.66.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

A number of institutional investors have recently made changes to their positions in FLJP. Trilogy Capital Inc. bought a new position in Franklin FTSE Japan ETF during the first quarter valued at approximately $6,918,000. ES4 LLC bought a new stake in shares of Franklin FTSE Japan ETF in the 4th quarter worth approximately $6,665,000. UBS Group AG boosted its stake in shares of Franklin FTSE Japan ETF by 156.2% in the 4th quarter. UBS Group AG now owns 530,644 shares of the company’s stock valued at $18,281,000 after purchasing an additional 323,509 shares in the last quarter. Impact Partnership Wealth LLC boosted its stake in shares of Franklin FTSE Japan ETF by 6.8% in the 4th quarter. Impact Partnership Wealth LLC now owns 317,563 shares of the company’s stock valued at $10,940,000 after purchasing an additional 20,149 shares in the last quarter. Finally, Zinnia Wealth Advisory LLC bought a new position in shares of Franklin FTSE Japan ETF during the 4th quarter valued at $985,000.

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.