Confluence Investment Management LLC Acquires 222,085 Shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP)

Confluence Investment Management LLC increased its holdings in shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) by 346.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,229 shares of the company’s stock after acquiring an additional 222,085 shares during the period. Confluence Investment Management LLC owned approximately 0.44% of Franklin FTSE Japan ETF worth $8,232,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Leavell Investment Management Inc. lifted its stake in shares of Franklin FTSE Japan ETF by 24.0% in the fourth quarter. Leavell Investment Management Inc. now owns 41,861 shares of the company’s stock worth $1,172,000 after buying an additional 8,105 shares in the last quarter. Arvest Investments Inc. bought a new position in shares of Franklin FTSE Japan ETF in the fourth quarter worth approximately $6,227,000. Arvest Trust Co. N A lifted its position in Franklin FTSE Japan ETF by 1.7% during the fourth quarter. Arvest Trust Co. N A now owns 505,972 shares of the company’s stock valued at $14,162,000 after purchasing an additional 8,427 shares during the period. Strategic Investment Management LLC bought a new position in Franklin FTSE Japan ETF during the fourth quarter valued at approximately $45,573,000. Finally, Kensington Asset Management LLC bought a new position in Franklin FTSE Japan ETF during the fourth quarter valued at approximately $3,865,000.

Franklin FTSE Japan ETF Price Performance

Franklin FTSE Japan ETF stock traded down $1.18 during midday trading on Friday, reaching $27.44. 1,858,033 shares of the company traded hands, compared to its average volume of 744,535. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 14.01 and a beta of 0.75. The business has a 50 day moving average of $29.35 and a two-hundred day moving average of $29.63. Franklin FTSE Japan ETF has a 12 month low of $25.10 and a 12 month high of $31.30.

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.