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

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

Franklin FTSE Japan ETF Stock Up 1.7%

The company has a market cap of $2.86 billion, a P/E ratio of 14.28 and a beta of 0.65. The firm’s 50 day moving average is $35.80 and its two-hundred day moving average is $34.99.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its stake in shares of Franklin FTSE Japan ETF by 5.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,968 shares of the company’s stock worth $171,000 after acquiring an additional 266 shares during the period. BOS Asset Management LLC raised its holdings in Franklin FTSE Japan ETF by 3.6% during the 3rd quarter. BOS Asset Management LLC now owns 8,527 shares of the company’s stock worth $295,000 after purchasing an additional 295 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of Franklin FTSE Japan ETF by 3.9% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 7,936 shares of the company’s stock worth $274,000 after purchasing an additional 300 shares during the period. Paces Ferry Wealth Advisors LLC lifted its position in shares of Franklin FTSE Japan ETF by 3.3% in the 3rd quarter. Paces Ferry Wealth Advisors LLC now owns 10,600 shares of the company’s stock worth $366,000 after purchasing an additional 340 shares during the period. Finally, Clear Creek Financial Management LLC boosted its stake in shares of Franklin FTSE Japan ETF by 0.8% in the 4th quarter. Clear Creek Financial Management LLC now owns 41,435 shares of the company’s stock valued at $1,427,000 after purchasing an additional 343 shares during the last quarter.

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.