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

Shares of Franklin FTSE Japan ETF (NYSEARCA:FLJPGet Free Report) 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 changing hands. The stock had previously closed at $34.53.

Franklin FTSE Japan ETF Trading Up 1.9%

The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 14.28 and a beta of 0.67. The company has a 50-day moving average of $34.02 and a 200-day moving average of $31.82.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC bought a new position in Franklin FTSE Japan ETF during the 1st quarter worth $29,000. Northwestern Mutual Wealth Management Co. grew its stake in Franklin FTSE Japan ETF by 31.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,246 shares of the company’s stock worth $66,000 after buying an additional 539 shares during the last quarter. Armstrong Advisory Group Inc. bought a new position in Franklin FTSE Japan ETF during the 2nd quarter worth $109,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in Franklin FTSE Japan ETF by 385.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,400 shares of the company’s stock worth $109,000 after buying an additional 2,700 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Franklin FTSE Japan ETF by 151.2% in the first quarter. Harbour Investments Inc. now owns 4,658 shares of the company’s stock worth $137,000 after purchasing an additional 2,804 shares in the last quarter.

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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