Kensington Asset Management LLC Has $5.75 Million Stock Holdings in Franklin FTSE Japan ETF $FLJP

Kensington Asset Management LLC raised its holdings in Franklin FTSE Japan ETF (NYSEARCA:FLJP) by 38.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 166,439 shares of the company’s stock after acquiring an additional 46,267 shares during the period. Franklin FTSE Japan ETF accounts for 0.3% of Kensington Asset Management LLC’s portfolio, making the stock its 25th largest position. Kensington Asset Management LLC’s holdings in Franklin FTSE Japan ETF were worth $5,752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of Montreal Can raised its stake in Franklin FTSE Japan ETF by 288.0% during the 2nd quarter. Bank of Montreal Can now owns 662,168 shares of the company’s stock valued at $21,289,000 after purchasing an additional 491,525 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Franklin FTSE Japan ETF by 0.3% during the third quarter. Envestnet Asset Management Inc. now owns 661,806 shares of the company’s stock worth $22,872,000 after buying an additional 2,046 shares in the last quarter. RiverFront Investment Group LLC increased its stake in Franklin FTSE Japan ETF by 3.0% during the second quarter. RiverFront Investment Group LLC now owns 632,962 shares of the company’s stock valued at $20,350,000 after acquiring an additional 18,435 shares during the period. AGF Management Ltd. raised its holdings in Franklin FTSE Japan ETF by 6.7% in the 2nd quarter. AGF Management Ltd. now owns 430,131 shares of the company’s stock valued at $13,829,000 after acquiring an additional 27,050 shares in the last quarter. Finally, Cercano Management LLC bought a new stake in shares of Franklin FTSE Japan ETF in the 3rd quarter worth approximately $13,791,000.

Franklin FTSE Japan ETF Trading Up 1.2%

FLJP opened at $39.60 on Thursday. The stock has a market cap of $2.92 billion, a PE ratio of 14.28 and a beta of 0.65. Franklin FTSE Japan ETF has a 1 year low of $25.77 and a 1 year high of $40.22. The stock’s 50 day simple moving average is $36.75 and its 200-day simple moving average is $35.61.

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.