Franklin FTSE Japan ETF (NYSEARCA:FLJP) Reaches New 12-Month High – Here’s What Happened

Franklin FTSE Japan ETF (NYSEARCA:FLJP)’s stock price reached a new 52-week high on Monday . The stock traded as high as $40.33 and last traded at $40.22, with a volume of 34196 shares trading hands. The stock had previously closed at $39.56.

Franklin FTSE Japan ETF Stock Performance

The company’s fifty day simple moving average is $38.73 and its two-hundred day simple moving average is $37.31. The stock has a market capitalization of $3.73 billion, a PE ratio of 14.28 and a beta of 0.65.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Bank of America Corp DE increased its position in Franklin FTSE Japan ETF by 12.4% during the first quarter. Bank of America Corp DE now owns 13,696,433 shares of the company’s stock worth $495,537,000 after purchasing an additional 1,515,922 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Franklin FTSE Japan ETF during the 1st quarter worth about $23,938,000. Tradewinds Capital Management LLC purchased a new stake in shares of Franklin FTSE Japan ETF during the 4th quarter worth about $14,100,000. Cercano Management LLC purchased a new stake in shares of Franklin FTSE Japan ETF during the 3rd quarter worth about $13,791,000. Finally, Morningstar Investment Management LLC purchased a new stake in shares of Franklin FTSE Japan ETF during the 1st quarter worth about $11,886,000.

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.