Abich Financial Wealth Management LLC Takes Position in Franklin FTSE Japan ETF $FLJP

Abich Financial Wealth Management LLC purchased a new stake in shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 160,958 shares of the company’s stock, valued at approximately $5,563,000. Franklin FTSE Japan ETF accounts for 2.0% of Abich Financial Wealth Management LLC’s holdings, making the stock its 11th biggest position. Abich Financial Wealth Management LLC owned approximately 0.23% of Franklin FTSE Japan ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FLJP. IFP Advisors Inc boosted its stake in shares of Franklin FTSE Japan ETF by 60.9% during the 2nd quarter. IFP Advisors Inc now owns 9,722 shares of the company’s stock worth $313,000 after acquiring an additional 3,678 shares in the last quarter. CWM LLC raised its holdings in Franklin FTSE Japan ETF by 1,072.1% in the 2nd quarter. CWM LLC now owns 11,651 shares of the company’s stock worth $375,000 after purchasing an additional 10,657 shares during the period. Harbour Investments Inc. boosted its position in Franklin FTSE Japan ETF by 67.0% during the second quarter. Harbour Investments Inc. now owns 7,780 shares of the company’s stock worth $250,000 after purchasing an additional 3,122 shares in the last quarter. Koshinski Asset Management Inc. grew its holdings in Franklin FTSE Japan ETF by 9.8% in the second quarter. Koshinski Asset Management Inc. now owns 8,285 shares of the company’s stock valued at $266,000 after purchasing an additional 740 shares during the period. Finally, Opes Wealth Management LLC increased its position in shares of Franklin FTSE Japan ETF by 5.6% in the second quarter. Opes Wealth Management LLC now owns 185,706 shares of the company’s stock valued at $5,970,000 after buying an additional 9,846 shares in the last quarter.

Franklin FTSE Japan ETF Price Performance

Shares of FLJP stock opened at $39.92 on Friday. Franklin FTSE Japan ETF has a 1-year low of $25.77 and a 1-year high of $40.22. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 14.28 and a beta of 0.65. The stock has a 50 day simple moving average of $36.12 and a 200-day simple moving average of $35.15.

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.