Kensington Asset Management LLC Has $10.84 Million Stock Position in Franklin FTSE Japan ETF $FLJP

Kensington Asset Management LLC grew its position in Franklin FTSE Japan ETF (NYSEARCA:FLJP) by 88.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 313,581 shares of the company’s stock after purchasing an additional 147,142 shares during the period. Franklin FTSE Japan ETF accounts for 0.6% of Kensington Asset Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Kensington Asset Management LLC’s holdings in Franklin FTSE Japan ETF were worth $10,844,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Franklin FTSE Japan ETF in the 4th quarter valued at $25,000. Sunbelt Securities Inc. increased its stake in shares of Franklin FTSE Japan ETF by 475.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,150 shares of the company’s stock valued at $40,000 after buying an additional 950 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Franklin FTSE Japan ETF in the 4th quarter worth $41,000. Flagship Harbor Advisors LLC bought a new position in shares of Franklin FTSE Japan ETF in the 4th quarter worth $59,000. Finally, Farther Finance Advisors LLC boosted its position 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 worth $62,000 after purchasing an additional 522 shares during the last quarter.

Franklin FTSE Japan ETF Stock Up 0.6%

NYSEARCA:FLJP opened at $39.56 on Friday. Franklin FTSE Japan ETF has a 12-month low of $30.54 and a 12-month high of $40.22. The firm has a market capitalization of $3.66 billion, a P/E ratio of 14.28 and a beta of 0.65. The stock’s fifty day simple moving average is $38.58 and its 200-day simple moving average is $37.23.

Franklin FTSE Japan ETF 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.