Franklin FTSE Japan ETF (NYSEARCA:FLJP) Hits New 1-Year High – Here’s Why

Shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $36.61 and last traded at $36.6350, with a volume of 216361 shares changing hands. The stock had previously closed at $36.16.

Franklin FTSE Japan ETF Stock Up 1.4%

The company’s 50-day simple moving average is $35.47 and its 200 day simple moving average is $34.63. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 14.28 and a beta of 0.65.

Institutional Investors Weigh In On Franklin FTSE Japan ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BOS Asset Management LLC lifted its stake in shares of Franklin FTSE Japan ETF by 3.6% in the third quarter. BOS Asset Management LLC now owns 8,527 shares of the company’s stock worth $295,000 after buying an additional 295 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Franklin FTSE Japan ETF by 3.9% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 7,936 shares of the company’s stock worth $274,000 after acquiring an additional 300 shares during the period. Paces Ferry Wealth Advisors LLC lifted its position in Franklin FTSE Japan ETF by 3.3% during the 3rd quarter. Paces Ferry Wealth Advisors LLC now owns 10,600 shares of the company’s stock worth $366,000 after acquiring an additional 340 shares during the last quarter. Clear Creek Financial Management LLC boosted its holdings in Franklin FTSE Japan ETF by 0.8% during the fourth quarter. Clear Creek Financial Management LLC now owns 41,435 shares of the company’s stock valued at $1,427,000 after acquiring an additional 343 shares during the period. Finally, Wealthfront Advisers LLC grew its position in shares of Franklin FTSE Japan ETF by 2.3% in the second quarter. Wealthfront Advisers LLC now owns 15,481 shares of the company’s stock valued at $498,000 after purchasing an additional 350 shares during the last quarter.

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.