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

Franklin FTSE Japan ETF (NYSEARCA:FLJP) shares reached a new 52-week high on Tuesday . The company traded as high as $36.61 and last traded at $36.6350, with a volume of 216361 shares. The stock had previously closed at $36.16.

Franklin FTSE Japan ETF Stock Performance

The company has a market cap of $2.71 billion, a price-to-earnings ratio of 14.28 and a beta of 0.65. The business’s 50 day moving average price is $35.59 and its 200-day moving average price is $34.70.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FLJP. Sunbelt Securities Inc. boosted its holdings in Franklin FTSE Japan ETF by 475.0% during the third quarter. Sunbelt Securities Inc. now owns 1,150 shares of the company’s stock valued at $40,000 after purchasing an additional 950 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Franklin FTSE Japan ETF during the 4th quarter worth approximately $41,000. Flagship Harbor Advisors LLC acquired a new stake in Franklin FTSE Japan ETF in the 4th quarter valued at $59,000. Farther Finance Advisors LLC boosted its stake in Franklin FTSE Japan ETF by 40.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,806 shares of the company’s stock valued at $62,000 after buying an additional 522 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Franklin FTSE Japan ETF by 29.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,899 shares of the company’s stock valued at $93,000 after acquiring an additional 653 shares during the period.

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.