Franklin FTSE Japan ETF (NYSEARCA:FLJP) Reaches New 52-Week High – What’s Next?

Franklin FTSE Japan ETF (NYSEARCA:FLJP)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $36.61 and last traded at $36.5340, with a volume of 156106 shares changing hands. The stock had previously closed at $36.23.

Franklin FTSE Japan ETF Stock Performance

The stock has a 50-day moving average of $35.42 and a two-hundred day moving average of $34.41. The company has a market cap of $2.69 billion, a P/E ratio of 14.28 and a beta of 0.65.

Institutional Trading of Franklin FTSE Japan ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FLJP. Bank of America Corp DE increased its holdings in Franklin FTSE Japan ETF by 4.2% in the 3rd quarter. Bank of America Corp DE now owns 11,836,372 shares of the company’s stock worth $409,065,000 after acquiring an additional 476,703 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Franklin FTSE Japan ETF by 288.0% in the second quarter. Bank of Montreal Can now owns 662,168 shares of the company’s stock worth $21,289,000 after purchasing an additional 491,525 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Franklin FTSE Japan ETF by 0.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 661,806 shares of the company’s stock valued at $22,872,000 after purchasing an additional 2,046 shares during the period. RiverFront Investment Group LLC lifted its stake in shares of Franklin FTSE Japan ETF by 3.0% during the 2nd quarter. RiverFront Investment Group LLC now owns 632,962 shares of the company’s stock valued at $20,350,000 after buying an additional 18,435 shares in the last quarter. Finally, AGF Management Ltd. boosted its holdings in Franklin FTSE Japan ETF by 6.7% in the 2nd quarter. AGF Management Ltd. now owns 430,131 shares of the company’s stock worth $13,829,000 after buying an additional 27,050 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.