Franklin FTSE Japan ETF (NYSEARCA:FLJP) Reaches New 1-Year High – Here’s Why

Franklin FTSE Japan ETF (NYSEARCA:FLJP)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $41.73 and last traded at $41.71, with a volume of 23896 shares changing hands. The stock had previously closed at $40.99.

Franklin FTSE Japan ETF Trading Up 1.9%

The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 14.28 and a beta of 0.66. The firm’s 50 day simple moving average is $39.78 and its 200-day simple moving average is $38.53.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FLJP. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Franklin FTSE Japan ETF in the fourth quarter valued at about $25,000. Sunbelt Securities Inc. raised its stake in shares of Franklin FTSE Japan ETF by 475.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,150 shares of the company’s stock worth $40,000 after buying an additional 950 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Franklin FTSE Japan ETF in the 4th quarter valued at approximately $59,000. Farther Finance Advisors LLC lifted its holdings in shares of 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 during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 buying an additional 653 shares in the last quarter.

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.