MMA Asset Management LLC Cuts Stock Position in Franklin FTSE Japan ETF $FLJP

MMA Asset Management LLC lessened its holdings in Franklin FTSE Japan ETF (NYSEARCA:FLJP) by 12.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,817 shares of the company’s stock after selling 18,858 shares during the quarter. Franklin FTSE Japan ETF accounts for 1.5% of MMA Asset Management LLC’s investment portfolio, making the stock its 13th largest position. MMA Asset Management LLC’s holdings in Franklin FTSE Japan ETF were worth $4,417,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Franklin FTSE Japan ETF by 29.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,899 shares of the company’s stock worth $93,000 after buying an additional 653 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in Franklin FTSE Japan ETF by 385.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,400 shares of the company’s stock worth $109,000 after acquiring an additional 2,700 shares during the period. Qube Research & Technologies Ltd purchased a new position in Franklin FTSE Japan ETF in the second quarter valued at about $184,000. Premier Path Wealth Partners LLC purchased a new position in Franklin FTSE Japan ETF in the third quarter valued at about $205,000. Finally, Sowell Financial Services LLC bought a new position in shares of Franklin FTSE Japan ETF during the 3rd quarter valued at approximately $209,000.

Franklin FTSE Japan ETF Stock Up 3.6%

Shares of FLJP stock opened at $38.13 on Friday. The firm has a market cap of $2.81 billion, a P/E ratio of 14.28 and a beta of 0.65. The company has a 50 day moving average of $35.80 and a 200-day moving average of $34.95. Franklin FTSE Japan ETF has a 12-month low of $25.77 and a 12-month high of $38.16.

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.