Franklin FTSE Japan ETF (NYSEARCA:FLJP) is Abich Financial Wealth Management LLC’s 8th Largest Position

Abich Financial Wealth Management LLC cut its holdings in shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) by 22.7% in the 2nd quarter, Holdings Channel reports. The fund owned 150,345 shares of the company’s stock after selling 44,213 shares during the period. Franklin FTSE Japan ETF accounts for about 2.9% of Abich Financial Wealth Management LLC’s investment portfolio, making the stock its 8th biggest position. Abich Financial Wealth Management LLC’s holdings in Franklin FTSE Japan ETF were worth $4,324,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eagle Bay Advisors LLC acquired a new stake in Franklin FTSE Japan ETF in the first quarter valued at $40,000. EverSource Wealth Advisors LLC bought a new stake in shares of Franklin FTSE Japan ETF in the 4th quarter worth about $44,000. Tortoise Investment Management LLC bought a new stake in shares of Franklin FTSE Japan ETF in the 4th quarter worth about $62,000. Benjamin Edwards Inc. raised its stake in shares of Franklin FTSE Japan ETF by 5.2% in the 1st quarter. Benjamin Edwards Inc. now owns 7,113 shares of the company’s stock valued at $221,000 after purchasing an additional 353 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Franklin FTSE Japan ETF by 11.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,735 shares of the company’s stock worth $240,000 after purchasing an additional 808 shares during the last quarter.

Franklin FTSE Japan ETF Stock Performance

NYSEARCA:FLJP opened at $30.19 on Wednesday. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 14.01 and a beta of 0.75. Franklin FTSE Japan ETF has a one year low of $25.10 and a one year high of $31.30. The stock has a 50-day simple moving average of $29.37 and a 200 day simple moving average of $29.65.

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.