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

Franklin FTSE Japan ETF (NYSEARCA:FLJP)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $41.40 and last traded at $41.40, with a volume of 1002 shares. The stock had previously closed at $41.04.

Franklin FTSE Japan ETF Price Performance

The firm’s 50 day moving average is $39.06 and its 200 day moving average is $37.49. The company has a market capitalization of $3.66 billion, a PE ratio of 14.28 and a beta of 0.65.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

A number of hedge funds have recently modified their holdings of the company. Blair William & Co. IL lifted its position in Franklin FTSE Japan ETF by 2.6% during the 4th quarter. Blair William & Co. IL now owns 9,991 shares of the company’s stock valued at $344,000 after acquiring an additional 256 shares during the period. PNC Financial Services Group Inc. grew its holdings in 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 purchasing an additional 266 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in Franklin FTSE Japan ETF by 3.9% in the third 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 increased its stake in shares of Franklin FTSE Japan ETF by 2.8% during the first quarter. Paces Ferry Wealth Advisors LLC now owns 11,381 shares of the company’s stock valued at $412,000 after purchasing an additional 312 shares in the last quarter. Finally, Clear Creek Financial Management LLC increased its stake in shares of Franklin FTSE Japan ETF by 0.8% during the fourth 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 in 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.