Franklin FTSE Japan ETF (NYSEARCA:FLJP) Hits New 12-Month High – Still a Buy?

Franklin FTSE Japan ETF (NYSEARCA:FLJP) shares reached a new 52-week high during trading on Monday . The stock traded as high as $38.57 and last traded at $38.5490, with a volume of 3421 shares traded. The stock had previously closed at $38.13.

Franklin FTSE Japan ETF Stock Up 2.0%

The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 14.28 and a beta of 0.65. The company has a fifty day moving average price of $35.95 and a two-hundred day moving average price of $35.08.

Institutional Trading of Franklin FTSE Japan ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its position in Franklin FTSE Japan ETF by 60.9% during the 2nd quarter. IFP Advisors Inc now owns 9,722 shares of the company’s stock worth $313,000 after acquiring an additional 3,678 shares during the period. CWM LLC raised its stake in shares of Franklin FTSE Japan ETF by 1,072.1% during the second quarter. CWM LLC now owns 11,651 shares of the company’s stock worth $375,000 after purchasing an additional 10,657 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of Franklin FTSE Japan ETF by 67.0% during the second quarter. Harbour Investments Inc. now owns 7,780 shares of the company’s stock worth $250,000 after purchasing an additional 3,122 shares during the last quarter. Koshinski Asset Management Inc. lifted its holdings in shares of Franklin FTSE Japan ETF by 9.8% during the second quarter. Koshinski Asset Management Inc. now owns 8,285 shares of the company’s stock worth $266,000 after purchasing an additional 740 shares during the period. Finally, Opes Wealth Management LLC grew its position in Franklin FTSE Japan ETF by 5.6% in the 2nd quarter. Opes Wealth Management LLC now owns 185,706 shares of the company’s stock valued at $5,970,000 after buying an additional 9,846 shares during the last quarter.

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.