Madison Investment Advisors LLC Makes New $19.84 Million Investment in Franklin FTSE Japan ETF (NYSEARCA:FLJP)

Madison Investment Advisors LLC bought a new position in Franklin FTSE Japan ETF (NYSEARCA:FLJP) in the fourth quarter, HoldingsChannel reports. The fund bought 693,406 shares of the company’s stock, valued at approximately $19,838,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. US Bancorp DE lifted its position in Franklin FTSE Japan ETF by 122.0% in the 4th quarter. US Bancorp DE now owns 957 shares of the company’s stock worth $27,000 after buying an additional 526 shares in the last quarter. Altman Advisors Inc. increased its stake in shares of Franklin FTSE Japan ETF by 2.3% during the 3rd quarter. Altman Advisors Inc. now owns 52,205 shares of the company’s stock worth $1,588,000 after purchasing an additional 1,159 shares during the last quarter. Clean Yield Group acquired a new position in shares of Franklin FTSE Japan ETF during the 4th quarter worth $50,000. Townsquare Capital LLC increased its stake in shares of Franklin FTSE Japan ETF by 2.9% during the 3rd quarter. Townsquare Capital LLC now owns 66,524 shares of the company’s stock worth $2,024,000 after purchasing an additional 1,869 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in shares of Franklin FTSE Japan ETF during the 3rd quarter worth $58,000.

Franklin FTSE Japan ETF Stock Up 1.8 %

Shares of FLJP opened at $29.74 on Thursday. The company’s fifty day moving average is $29.05 and its 200-day moving average is $29.33. Franklin FTSE Japan ETF has a 12 month low of $25.74 and a 12 month high of $31.30. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 15.02 and a beta of 0.63.

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.