Northwestern Mutual Wealth Management Co. Increases Stake in Franklin FTSE Japan ETF

Northwestern Mutual Wealth Management Co. has substantially increased its investment in the Franklin FTSE Japan ETF (NYSEARCA:FLJP) by 38.5% during the second quarter of the year. This update is based on their latest regulatory form, the 13F filing, submitted to the Securities and Exchange Commission (SEC). Following this increase, Northwestern Mutual Wealth Management Co. now holds 2,362 shares of the ETF, having acquired an additional 657 shares throughout the quarter. By the conclusion of this reporting period, their holdings in the Franklin FTSE Japan ETF were valued at approximately $68,000.

Other institutional investors and hedge funds have also been active in adjusting their positions in the Franklin FTSE Japan ETF. For instance, Eagle Bay Advisors LLC made a new investment in the ETF during the first quarter, worth around $40,000. Similarly, Tortoise Investment Management LLC entered into a new position during the fourth quarter, which was valued at approximately $62,000. Moreover, Benjamin Edwards Inc. enhanced its stake in the ETF by 5.2% during the first quarter, accumulating a total of 7,113 shares, which are valued at $221,000 after purchasing an additional 353 shares during that timeframe.

Additionally, O Shaughnessy Asset Management LLC also increased its holdings in Franklin FTSE Japan ETF by 11.7% in the first quarter, and now owns 7,735 shares worth approximately $240,000 after acquiring 808 shares in the last quarter. Lastly, Saxon Interests Inc. recently established a new stake in the ETF during the first quarter, with an estimated value of around $284,000.

Performance of Franklin FTSE Japan ETF

As of Friday, the Franklin FTSE Japan ETF opened at a price of $30.15. Over the past year, the ETF has experienced a low of $25.10 and a high of $31.30. The total market capitalization of the fund stands at $1.95 billion, with a price-to-earnings (P/E) ratio of 14.01 and a beta of 0.75, indicating its relative volatility compared to the market. The 50-day simple moving average for the ETF is currently at $29.65, while the 200-day simple moving average is approximately $29.63.

Overview of the Franklin FTSE Japan ETF

The Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund designed to track the FTSE Japan RIC Capped Index. This fund is focused on a market capitalization-weighted selection of Japanese equities and was launched on November 2, 2017. It is managed by Franklin Templeton.

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