Franklin FTSE Japan ETF (NYSEARCA:FLJP) Reaches New 52-Week High – Should You Buy?

Shares of Franklin FTSE Japan ETF (NYSEARCA:FLJPGet Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $36.85 and last traded at $36.8620, with a volume of 190 shares. The stock had previously closed at $36.60.

Franklin FTSE Japan ETF Stock Up 0.7%

The firm has a market capitalization of $2.72 billion, a P/E ratio of 14.28 and a beta of 0.65. The stock has a fifty day moving average of $35.66 and a 200-day moving average of $34.83.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 worth $40,000 after buying an additional 950 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Franklin FTSE Japan ETF in the fourth quarter valued at approximately $41,000. Flagship Harbor Advisors LLC acquired a new position in Franklin FTSE Japan ETF in the 4th quarter worth $59,000. Farther Finance Advisors LLC boosted its position in shares of Franklin FTSE Japan ETF by 40.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,806 shares of the company’s stock worth $62,000 after buying an additional 522 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Franklin FTSE Japan ETF by 29.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,899 shares of the company’s stock worth $93,000 after acquiring an additional 653 shares during the last quarter.

About Franklin FTSE Japan ETF

(Get Free Report)

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.

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