Confluence Investment Management LLC Reduces Holdings in Franklin FTSE Japan ETF (NYSEARCA:FLJP)

Confluence Investment Management LLC lowered its position in shares of Franklin FTSE Japan ETF (NYSEARCA:FLJP) by 41.8% during the fourth quarter, Holdings Channel reports. The firm owned 174,192 shares of the company’s stock after selling 125,329 shares during the quarter. Confluence Investment Management LLC’s holdings in Franklin FTSE Japan ETF were worth $4,984,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in FLJP. Truist Financial Corp grew its holdings in shares of Franklin FTSE Japan ETF by 2.1% during the second quarter. Truist Financial Corp now owns 19,878 shares of the company’s stock worth $572,000 after buying an additional 404 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Franklin FTSE Japan ETF by 38.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,362 shares of the company’s stock valued at $68,000 after purchasing an additional 657 shares during the last quarter. Proquility Private Wealth Partners LLC increased its holdings in shares of Franklin FTSE Japan ETF by 0.4% in the third quarter. Proquility Private Wealth Partners LLC now owns 177,925 shares of the company’s stock valued at $5,412,000 after purchasing an additional 750 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Franklin FTSE Japan ETF by 5.2% during the second quarter. EverSource Wealth Advisors LLC now owns 16,664 shares of the company’s stock worth $500,000 after purchasing an additional 818 shares during the last quarter. Finally, Arvest Investments Inc. lifted its holdings in shares of Franklin FTSE Japan ETF by 0.5% during the third quarter. Arvest Investments Inc. now owns 208,680 shares of the company’s stock worth $6,348,000 after purchasing an additional 1,078 shares during the period.

Franklin FTSE Japan ETF Stock Performance

Shares of FLJP opened at $28.57 on Friday. The stock has a market capitalization of $1.85 billion, a P/E ratio of 14.01 and a beta of 0.75. Franklin FTSE Japan ETF has a 1 year low of $25.74 and a 1 year high of $31.30. The company’s fifty day moving average is $29.05 and its two-hundred day moving average is $29.30.

Franklin FTSE Japan ETF Company 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.