Franklin FTSE Japan ETF (NYSEARCA:FLJP) Hits New 1-Year High – Still a Buy?

Shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) hit a new 52-week high on Tuesday . The stock traded as high as $42.06 and last traded at $41.9610, with a volume of 396354 shares trading hands. The stock had previously closed at $41.61.

Franklin FTSE Japan ETF Stock Down 1.7%

The stock has a market cap of $4.08 billion, a PE ratio of 14.28 and a beta of 0.66. The business’s 50-day simple moving average is $40.60 and its 200-day simple moving average is $39.19.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FLJP. Trilogy Capital Inc. bought a new position in Franklin FTSE Japan ETF in the 1st quarter worth $6,918,000. ES4 LLC purchased a new position in shares of Franklin FTSE Japan ETF during the fourth quarter valued at approximately $6,665,000. Atlas Capital Advisors Inc. purchased a new position in Franklin FTSE Japan ETF during the fourth quarter valued at $6,545,000. Impact Partnership Wealth LLC increased its holdings in shares of Franklin FTSE Japan ETF by 6.8% during the fourth quarter. Impact Partnership Wealth LLC now owns 317,563 shares of the company’s stock valued at $10,940,000 after acquiring an additional 20,149 shares in the last quarter. Finally, Zinnia Wealth Advisory LLC purchased a new position in Franklin FTSE Japan ETF in the 4th quarter worth approximately $985,000.

About Franklin FTSE Japan ETF

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.