Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sets New 52-Week High – Time to Buy?

Shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $41.40 and last traded at $41.40, with a volume of 1002 shares changing hands. The stock had previously closed at $41.04.

Franklin FTSE Japan ETF Stock Performance

The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 14.28 and a beta of 0.65. The business has a fifty day moving average of $38.95 and a two-hundred day moving average of $37.42.

Institutional Trading of Franklin FTSE Japan ETF

A number of institutional investors have recently bought and sold shares of FLJP. Bank of America Corp DE grew its holdings in Franklin FTSE Japan ETF by 12.4% in the first quarter. Bank of America Corp DE now owns 13,696,433 shares of the company’s stock valued at $495,537,000 after purchasing an additional 1,515,922 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Franklin FTSE Japan ETF during the 1st quarter worth $23,938,000. Tradewinds Capital Management LLC purchased a new stake in shares of Franklin FTSE Japan ETF in the 4th quarter worth about $14,100,000. Morningstar Investment Management LLC purchased a new stake in shares of Franklin FTSE Japan ETF in the 1st quarter worth about $11,886,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Franklin FTSE Japan ETF in the 4th quarter worth about $11,306,000.

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.