Kensington Asset Management LLC Has $10.84 Million Stake in Franklin FTSE Japan ETF $FLJP

Kensington Asset Management LLC boosted its holdings in shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) by 88.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,581 shares of the company’s stock after purchasing an additional 147,142 shares during the period. Franklin FTSE Japan ETF accounts for approximately 0.6% of Kensington Asset Management LLC’s holdings, making the stock its 23rd largest holding. Kensington Asset Management LLC owned approximately 0.42% of Franklin FTSE Japan ETF worth $10,844,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in Franklin FTSE Japan ETF by 4.2% during the 3rd quarter. Bank of America Corp DE now owns 11,836,372 shares of the company’s stock worth $409,065,000 after buying an additional 476,703 shares in the last quarter. Morgan Stanley increased its stake in shares of Franklin FTSE Japan ETF by 0.4% in the 4th quarter. Morgan Stanley now owns 4,490,762 shares of the company’s stock valued at $154,707,000 after buying an additional 16,822 shares during the period. RiverFront Investment Group LLC increased its stake in shares of Franklin FTSE Japan ETF by 2.6% in the 4th quarter. RiverFront Investment Group LLC now owns 676,720 shares of the company’s stock valued at $23,313,000 after buying an additional 17,061 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Franklin FTSE Japan ETF by 0.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 661,806 shares of the company’s stock valued at $22,872,000 after buying an additional 2,046 shares during the period. Finally, UBS Group AG increased its stake in shares of Franklin FTSE Japan ETF by 156.2% in the 4th quarter. UBS Group AG now owns 530,644 shares of the company’s stock valued at $18,281,000 after buying an additional 323,509 shares during the period.

Franklin FTSE Japan ETF Stock Performance

NYSEARCA FLJP opened at $39.56 on Friday. The stock has a fifty day moving average of $38.58 and a 200-day moving average of $37.23. The stock has a market capitalization of $3.66 billion, a P/E ratio of 14.28 and a beta of 0.65. Franklin FTSE Japan ETF has a 52 week low of $30.54 and a 52 week high of $40.22.

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.