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

Shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) hit a new 52-week high on Tuesday . The stock traded as high as $42.06 and last traded at $41.9610, with a volume of 396354 shares traded. The stock had previously closed at $41.61.

Franklin FTSE Japan ETF Stock Up 0.8%

The business’s 50-day simple moving average is $40.54 and its two-hundred day simple moving average is $39.13. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 14.28 and a beta of 0.66.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of Franklin FTSE Japan ETF by 12.4% during the 1st quarter. Bank of America Corp DE now owns 13,696,433 shares of the company’s stock worth $495,537,000 after buying an additional 1,515,922 shares during the last quarter. Citadel Advisors LLC boosted its stake in Franklin FTSE Japan ETF by 1,509.9% in the second quarter. Citadel Advisors LLC now owns 1,125,309 shares of the company’s stock valued at $44,731,000 after acquiring an additional 1,055,408 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of Franklin FTSE Japan ETF during the first quarter worth about $23,938,000. Morningstar Investment Management LLC purchased a new stake in shares of Franklin FTSE Japan ETF in the 1st quarter valued at about $11,886,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of Franklin FTSE Japan ETF by 345.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 351,887 shares of the company’s stock valued at $12,731,000 after purchasing an additional 272,950 shares during the period.

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.