Northwestern Mutual Wealth Management Co. Raises Stake in Franklin FTSE Japan ETF $FLJP

Northwestern Mutual Wealth Management Co. raised its holdings in shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) by 31.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,246 shares of the company’s stock after purchasing an additional 539 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Franklin FTSE Japan ETF were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in shares of Franklin FTSE Japan ETF in the fourth quarter worth about $5,220,000. Atlas Capital Advisors Inc. lifted its holdings in shares of Franklin FTSE Japan ETF by 41.5% in the first quarter. Atlas Capital Advisors Inc. now owns 220,610 shares of the company’s stock worth $6,486,000 after buying an additional 64,686 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Franklin FTSE Japan ETF by 9.6% in the first quarter. Envestnet Asset Management Inc. now owns 659,674 shares of the company’s stock worth $19,394,000 after buying an additional 57,928 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Franklin FTSE Japan ETF by 19.1% in the first quarter. Steward Partners Investment Advisory LLC now owns 311,591 shares of the company’s stock worth $9,161,000 after buying an additional 49,974 shares in the last quarter. Finally, Innealta Capital LLC lifted its holdings in shares of Franklin FTSE Japan ETF by 21.4% in the first quarter. Innealta Capital LLC now owns 266,488 shares of the company’s stock worth $7,835,000 after buying an additional 47,030 shares in the last quarter.

Franklin FTSE Japan ETF Trading Up 0.8%

Shares of Franklin FTSE Japan ETF stock opened at $34.19 on Friday. Franklin FTSE Japan ETF has a 12-month low of $25.77 and a 12-month high of $34.56. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 14.28 and a beta of 0.67. The company’s 50-day moving average price is $32.74 and its 200-day moving average price is $31.11.

Franklin FTSE Japan ETF 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.