Franklin FTSE Japan ETF (NYSEARCA:FLJP) Hits New 52-Week High – Still a Buy?

Franklin FTSE Japan ETF (NYSEARCA:FLJP)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $36.09 and last traded at $36.0650, with a volume of 54923 shares. The stock had previously closed at $35.84.

Franklin FTSE Japan ETF Price Performance

The stock has a market cap of $2.51 billion, a P/E ratio of 14.28 and a beta of 0.65. The business’s 50 day simple moving average is $35.05 and its 200 day simple moving average is $33.07.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its position in Franklin FTSE Japan ETF by 9.6% in the first quarter. Envestnet Asset Management Inc. now owns 659,674 shares of the company’s stock valued at $19,394,000 after acquiring an additional 57,928 shares during the period. CWM LLC acquired a new stake in shares of Franklin FTSE Japan ETF in the 1st quarter valued at $29,000. Altman Advisors Inc. grew its holdings in shares of Franklin FTSE Japan ETF by 3.4% in the 1st quarter. Altman Advisors Inc. now owns 55,300 shares of the company’s stock worth $1,690,000 after purchasing an additional 1,840 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Franklin FTSE Japan ETF by 4.6% in the 1st quarter. Private Advisor Group LLC now owns 11,808 shares of the company’s stock worth $347,000 after purchasing an additional 518 shares during the last quarter. Finally, Opes Wealth Management LLC increased its position in shares of Franklin FTSE Japan ETF by 5.4% during the 1st quarter. Opes Wealth Management LLC now owns 175,860 shares of the company’s stock worth $5,170,000 after purchasing an additional 8,960 shares in the last quarter.

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.