MMA Asset Management LLC Sells 18,858 Shares of Franklin FTSE Japan ETF $FLJP

MMA Asset Management LLC decreased its stake in shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) by 12.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 127,817 shares of the company’s stock after selling 18,858 shares during the quarter. Franklin FTSE Japan ETF comprises approximately 1.5% of MMA Asset Management LLC’s investment portfolio, making the stock its 13th largest holding. MMA Asset Management LLC owned about 0.18% of Franklin FTSE Japan ETF worth $4,417,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can grew its holdings in Franklin FTSE Japan ETF by 288.0% in the second quarter. Bank of Montreal Can now owns 662,168 shares of the company’s stock worth $21,289,000 after purchasing an additional 491,525 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Franklin FTSE Japan ETF by 0.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 661,806 shares of the company’s stock worth $22,872,000 after purchasing an additional 2,046 shares in the last quarter. RiverFront Investment Group LLC boosted its position in shares of Franklin FTSE Japan ETF by 3.0% during the 2nd quarter. RiverFront Investment Group LLC now owns 632,962 shares of the company’s stock worth $20,350,000 after purchasing an additional 18,435 shares in the last quarter. AGF Management Ltd. grew its stake in shares of Franklin FTSE Japan ETF by 6.7% in the 2nd quarter. AGF Management Ltd. now owns 430,131 shares of the company’s stock valued at $13,829,000 after buying an additional 27,050 shares during the period. Finally, Avestar Capital LLC bought a new stake in Franklin FTSE Japan ETF in the 2nd quarter valued at about $10,349,000.

Franklin FTSE Japan ETF Stock Performance

Shares of NYSEARCA:FLJP opened at $38.13 on Friday. Franklin FTSE Japan ETF has a 52-week low of $25.77 and a 52-week high of $38.16. The business’s 50 day simple moving average is $35.80 and its two-hundred day simple moving average is $34.95. The firm has a market cap of $2.81 billion, a P/E ratio of 14.28 and a beta of 0.65.

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.