Avestar Capital LLC Acquires New Shares in Franklin FTSE Japan ETF $FLJP

Avestar Capital LLC bought a new position in shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 321,882 shares of the company’s stock, valued at approximately $10,349,000. Franklin FTSE Japan ETF makes up 0.7% of Avestar Capital LLC’s portfolio, making the stock its 23rd largest position. Avestar Capital LLC owned about 0.48% of Franklin FTSE Japan ETF as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in FLJP. Northwestern Mutual Wealth Management Co. lifted its position in shares of Franklin FTSE Japan ETF by 31.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,246 shares of the company’s stock worth $66,000 after purchasing an additional 539 shares during the period. Armstrong Advisory Group Inc. bought a new position in Franklin FTSE Japan ETF in the second quarter worth approximately $109,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Franklin FTSE Japan ETF by 385.7% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,400 shares of the company’s stock worth $109,000 after buying an additional 2,700 shares during the period. Harbour Investments Inc. lifted its holdings in Franklin FTSE Japan ETF by 151.2% during the first quarter. Harbour Investments Inc. now owns 4,658 shares of the company’s stock worth $137,000 after buying an additional 2,804 shares during the period. Finally, Berkshire Asset Management LLC PA bought a new stake in Franklin FTSE Japan ETF during the 1st quarter valued at $202,000.

Franklin FTSE Japan ETF Stock Performance

Shares of NYSEARCA:FLJP opened at $35.89 on Friday. The company has a market capitalization of $2.50 billion, a PE ratio of 14.28 and a beta of 0.65. Franklin FTSE Japan ETF has a 12-month low of $25.77 and a 12-month high of $36.17. The business’s fifty day simple moving average is $35.27 and its 200-day simple moving average is $33.60.

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.