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

Franklin FTSE Japan ETF (NYSEARCA:FLJP)’s stock price hit a new 52-week high on Tuesday . The company 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 Price Performance

The firm has a market capitalization of $2.72 billion, a P/E ratio of 14.28 and a beta of 0.65. The business has a 50 day moving average price of $35.66 and a 200 day moving average price of $34.83.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

A number of hedge funds have recently made changes to their positions in the business. CWM LLC boosted its position in Franklin FTSE Japan ETF by 205.7% in the third quarter. CWM LLC now owns 35,617 shares of the company’s stock valued at $1,231,000 after buying an additional 23,966 shares in the last quarter. AGF Management Ltd. grew its position in Franklin FTSE Japan ETF by 6.7% during the 2nd quarter. AGF Management Ltd. now owns 430,131 shares of the company’s stock worth $13,829,000 after acquiring an additional 27,050 shares during the last quarter. Cetera Investment Advisers increased its holdings in Franklin FTSE Japan ETF by 31.2% during the 2nd quarter. Cetera Investment Advisers now owns 43,242 shares of the company’s stock valued at $1,390,000 after purchasing an additional 10,272 shares in the last quarter. Flow Traders U.S. LLC bought a new position in Franklin FTSE Japan ETF in the 2nd quarter valued at $1,055,000. Finally, Accordant Advisory Group Inc raised its position in Franklin FTSE Japan ETF by 24.9% in the 3rd quarter. Accordant Advisory Group Inc now owns 149,839 shares of the company’s stock valued at $5,178,000 after purchasing an additional 29,874 shares during the last quarter.

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.