Franklin FTSE Japan ETF (NYSEARCA:FLJP) Reaches New 12-Month High – Here’s What Happened

Franklin FTSE Japan ETF (NYSEARCA:FLJPGet Free Report)’s share price reached a new 52-week high on Monday . The stock traded as high as $40.33 and last traded at $40.22, with a volume of 34196 shares traded. The stock had previously closed at $39.56.

Franklin FTSE Japan ETF Price Performance

The firm has a market capitalization of $3.72 billion, a P/E ratio of 14.28 and a beta of 0.65. The firm’s 50 day simple moving average is $38.58 and its two-hundred day simple moving average is $37.24.

Institutional Trading of Franklin FTSE Japan ETF

Several hedge funds have recently added to or reduced their stakes in FLJP. Bank of America Corp DE lifted its stake 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 worth $495,537,000 after purchasing an additional 1,515,922 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Franklin FTSE Japan ETF during the first quarter valued at about $23,938,000. Tradewinds Capital Management LLC bought a new position in shares of Franklin FTSE Japan ETF during the fourth quarter valued at about $14,100,000. Cercano Management LLC bought a new position in shares of Franklin FTSE Japan ETF during the third quarter valued at about $13,791,000. Finally, Morningstar Investment Management LLC bought a new position in shares of Franklin FTSE Japan ETF during the first quarter valued at about $11,886,000.

Franklin FTSE Japan ETF Company Profile

(Get Free Report)

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.

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