Kensington Asset Management LLC Invests $3.86 Million in Franklin FTSE Japan ETF $FLJP

Kensington Asset Management LLC bought a new position in shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) during the 2nd quarter, Holdings Channel.com reports. The fund bought 120,172 shares of the company’s stock, valued at approximately $3,864,000. Franklin FTSE Japan ETF accounts for 0.3% of Kensington Asset Management LLC’s holdings, making the stock its 20th largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bank of Montreal Can raised its position in shares of Franklin FTSE Japan ETF by 288.0% during the 2nd quarter. Bank of Montreal Can now owns 662,168 shares of the company’s stock worth $21,289,000 after purchasing an additional 491,525 shares during the last quarter. AGF Management Ltd. increased 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 purchasing an additional 27,050 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Franklin FTSE Japan ETF by 19.1% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 311,591 shares of the company’s stock valued at $9,161,000 after acquiring an additional 49,974 shares during the period. Impact Partnership Wealth LLC boosted its position in shares of Franklin FTSE Japan ETF by 3.6% in the second quarter. Impact Partnership Wealth LLC now owns 262,140 shares of the company’s stock worth $8,428,000 after buying an additional 9,100 shares during the period. Finally, Compass Financial Group Inc. boosted its stake in shares of Franklin FTSE Japan ETF by 1.3% in the first quarter. Compass Financial Group Inc. now owns 257,121 shares of the company’s stock valued at $7,559,000 after purchasing an additional 3,183 shares during the period.

Franklin FTSE Japan ETF Trading Down 0.2%

FLJP stock opened at $34.60 on Thursday. The company has a market capitalization of $2.41 billion, a P/E ratio of 14.28 and a beta of 0.65. Franklin FTSE Japan ETF has a twelve month low of $25.77 and a twelve month high of $36.17. The firm has a 50 day simple moving average of $35.17 and a 200-day simple moving average of $33.24.

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.