Principal Financial Group Inc. Invests $23.94 Million in Franklin FTSE Japan ETF $FLJP

Principal Financial Group Inc. bought a new position in shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 661,624 shares of the company’s stock, valued at approximately $23,938,000. Principal Financial Group Inc. owned approximately 0.72% of Franklin FTSE Japan ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of FLJP. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Franklin FTSE Japan ETF during the fourth quarter valued at approximately $25,000. Sunbelt Securities Inc. increased its position in shares of Franklin FTSE Japan ETF by 475.0% in the third quarter. Sunbelt Securities Inc. now owns 1,150 shares of the company’s stock worth $40,000 after acquiring an additional 950 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Franklin FTSE Japan ETF in the fourth quarter worth $41,000. Flagship Harbor Advisors LLC purchased a new position in shares of Franklin FTSE Japan ETF in the 4th quarter valued at $59,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Franklin FTSE Japan ETF by 40.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,806 shares of the company’s stock valued at $62,000 after acquiring an additional 522 shares during the period.

Franklin FTSE Japan ETF Trading Up 0.1%

NYSEARCA:FLJP opened at $38.68 on Tuesday. The firm’s fifty day simple moving average is $39.67 and its 200 day simple moving average is $38.08. Franklin FTSE Japan ETF has a twelve month low of $31.14 and a twelve month high of $41.53. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 14.28 and a beta of 0.65.

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.