Spectrum Asset Management Inc. NB CA acquired a new stake in shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 58,219 shares of the company’s stock, valued at approximately $1,872,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FLJP. CWM LLC bought a new stake in Franklin FTSE Japan ETF in the 1st quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Franklin FTSE Japan ETF by 31.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,246 shares of the company’s stock worth $66,000 after buying an additional 539 shares during the last quarter. Armstrong Advisory Group Inc. bought a new stake in shares of Franklin FTSE Japan ETF in the second quarter worth $109,000. Harbour Investments Inc. increased its position in Franklin FTSE Japan ETF by 151.2% during the first quarter. Harbour Investments Inc. now owns 4,658 shares of the company’s stock valued at $137,000 after acquiring an additional 2,804 shares during the last quarter. Finally, Berkshire Asset Management LLC PA bought a new position in Franklin FTSE Japan ETF in the first quarter valued at about $202,000.
Franklin FTSE Japan ETF Stock Performance
Shares of NYSEARCA:FLJP opened at $35.20 on Wednesday. The stock’s 50-day simple moving average is $34.17 and its two-hundred day simple moving average is $31.89. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 14.28 and a beta of 0.67. Franklin FTSE Japan ETF has a 52-week low of $25.77 and a 52-week high of $35.87.
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.
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