Madison Asset Management LLC Reduces Stock Holdings in Franklin FTSE Japan ETF $FLJP

Madison Asset Management LLC reduced its position in shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) by 21.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 215,330 shares of the company’s stock after selling 57,824 shares during the quarter. Madison Asset Management LLC owned 0.23% of Franklin FTSE Japan ETF worth $7,791,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new stake in Franklin FTSE Japan ETF during the first quarter valued at approximately $23,938,000. Bank of America Corp DE boosted its stake in shares of Franklin FTSE Japan ETF by 4.2% during 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 during the last quarter. Tradewinds Capital Management LLC purchased a new position in shares of Franklin FTSE Japan ETF during the 4th quarter worth $14,100,000. Quadrature Capital Ltd bought a new stake in shares of Franklin FTSE Japan ETF during the 4th quarter valued at $11,306,000. Finally, UBS Group AG increased its stake in shares of Franklin FTSE Japan ETF by 156.2% in the 4th quarter. UBS Group AG now owns 530,644 shares of the company’s stock worth $18,281,000 after purchasing an additional 323,509 shares in the last quarter.

Franklin FTSE Japan ETF Stock Performance

Shares of Franklin FTSE Japan ETF stock opened at $39.52 on Wednesday. Franklin FTSE Japan ETF has a one year low of $31.32 and a one year high of $41.53. The stock’s fifty day moving average is $39.68 and its 200 day moving average is $38.11. The stock has a market cap of $3.98 billion, a P/E ratio of 14.28 and a beta of 0.65.

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.