Franklin FTSE Japan ETF (NYSEARCA:FLJP) Reaches New 12-Month High – Still a Buy?

Franklin FTSE Japan ETF (NYSEARCA:FLJP)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $35.29 and last traded at $35.24, with a volume of 75742 shares traded. The stock had previously closed at $34.53.

Franklin FTSE Japan ETF Stock Up 1.9%

The company has a market cap of $2.41 billion, a P/E ratio of 14.28 and a beta of 0.67. The company has a 50 day moving average price of $34.02 and a 200-day moving average price of $31.82.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in Franklin FTSE Japan ETF by 288.0% during the second quarter. Bank of Montreal Can now owns 662,168 shares of the company’s stock valued at $21,289,000 after buying an additional 491,525 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Franklin FTSE Japan ETF by 9.6% during the first quarter. Envestnet Asset Management Inc. now owns 659,674 shares of the company’s stock valued at $19,394,000 after buying an additional 57,928 shares in the last quarter. RiverFront Investment Group LLC lifted its holdings in shares of Franklin FTSE Japan ETF by 3.0% during the second quarter. RiverFront Investment Group LLC now owns 632,962 shares of the company’s stock valued at $20,350,000 after purchasing an additional 18,435 shares during the last quarter. AGF Management Ltd. lifted its holdings in shares of Franklin FTSE Japan ETF by 6.7% during the second quarter. AGF Management Ltd. now owns 430,131 shares of the company’s stock valued at $13,829,000 after purchasing an additional 27,050 shares during the last quarter. Finally, Avestar Capital LLC purchased a new stake in shares of Franklin FTSE Japan ETF during the second quarter valued at $10,349,000.

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.