Franklin FTSE Japan ETF (NYSEARCA:FLJP) Stake Raised by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its holdings in Franklin FTSE Japan ETF (NYSEARCA:FLJP) by 38.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,362 shares of the company’s stock after buying an additional 657 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Franklin FTSE Japan ETF were worth $68,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Eagle Bay Advisors LLC acquired a new position in Franklin FTSE Japan ETF during the 1st quarter worth $40,000. Tortoise Investment Management LLC bought a new position in Franklin FTSE Japan ETF in the 4th quarter valued at about $62,000. Benjamin Edwards Inc. increased its stake in Franklin FTSE Japan ETF by 5.2% during the 1st quarter. Benjamin Edwards Inc. now owns 7,113 shares of the company’s stock valued at $221,000 after buying an additional 353 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of Franklin FTSE Japan ETF by 11.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,735 shares of the company’s stock worth $240,000 after buying an additional 808 shares in the last quarter. Finally, Saxon Interests Inc. acquired a new stake in shares of Franklin FTSE Japan ETF in the 1st quarter worth approximately $284,000.

Franklin FTSE Japan ETF Price Performance

NYSEARCA FLJP opened at $30.15 on Friday. Franklin FTSE Japan ETF has a 12 month low of $25.10 and a 12 month high of $31.30. The firm has a market capitalization of $1.95 billion, a PE ratio of 14.01 and a beta of 0.75. The company’s 50 day simple moving average is $29.65 and its 200 day simple moving average is $29.63.

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.