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

Franklin FTSE Japan ETF (NYSEARCA:FLJP)’s stock price reached a new 52-week high during trading on Friday. The company traded as high as $42.06 and last traded at $42.0370, with a volume of 193844 shares. The stock had previously closed at $41.33.

Franklin FTSE Japan ETF Trading Up 1.1%

The stock has a market cap of $4.19 billion, a P/E ratio of 14.28 and a beta of 0.66. The stock has a 50 day simple moving average of $40.86 and a 200 day simple moving average of $39.40.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in Franklin FTSE Japan ETF during the second quarter worth about $143,000. RFG Advisory LLC acquired a new position in shares of Franklin FTSE Japan ETF in the second quarter valued at approximately $1,547,000. IFP Advisors Inc increased its stake in shares of Franklin FTSE Japan ETF by 2.1% in the second quarter. IFP Advisors Inc now owns 13,605 shares of the company’s stock valued at $541,000 after buying an additional 281 shares during the period. Citadel Advisors LLC raised its holdings in Franklin FTSE Japan ETF by 1,509.9% in the 2nd quarter. Citadel Advisors LLC now owns 1,125,309 shares of the company’s stock valued at $44,731,000 after buying an additional 1,055,408 shares during the last quarter. Finally, Corient Private Wealth LP bought a new position in Franklin FTSE Japan ETF in the 2nd quarter valued at approximately $331,000.

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.