Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sets New 52-Week High – Still a Buy?

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

Franklin FTSE Japan ETF Price Performance

The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 14.28 and a beta of 0.65. The firm’s fifty day moving average price is $35.80 and its 200-day moving average price is $34.99.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Several large investors have recently bought and sold shares of FLJP. Sunbelt Securities Inc. grew its holdings in shares of Franklin FTSE Japan ETF by 475.0% during the third quarter. Sunbelt Securities Inc. now owns 1,150 shares of the company’s stock worth $40,000 after purchasing an additional 950 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Franklin FTSE Japan ETF during the 4th quarter worth approximately $41,000. Flagship Harbor Advisors LLC acquired a new stake in Franklin FTSE Japan ETF during the 4th quarter worth approximately $59,000. Farther Finance Advisors LLC grew its holdings in Franklin FTSE Japan ETF by 40.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,806 shares of the company’s stock worth $62,000 after acquiring an additional 522 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in 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 valued at $93,000 after acquiring an additional 653 shares during the period.

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.