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

Northwestern Mutual Wealth Management Co. has significantly boosted its position in the Franklin FTSE Japan ETF (NYSEARCA:FLJP) as revealed in its recent 13F filing with the Securities and Exchange Commission (SEC). In the second quarter, the firm increased its holdings by an impressive 38.5%, bringing its total shares to 2,362 after purchasing an additional 657 shares during this period.

At the close of the most recent reporting period, Northwestern Mutual's investment in the Franklin FTSE Japan ETF was valued at approximately $68,000.

Additional disclosures indicate that other institutional investors and hedge funds have also made adjustments to their stakes in Franklin FTSE Japan ETF. For instance, Eagle Bay Advisors LLC initiated a new position in the first quarter with an investment amounting to $40,000. Similarly, Tortoise Investment Management LLC entered the scene in the fourth quarter with a new position valued at approximately $62,000.

Moreover, Benjamin Edwards Inc. raised its stake in Franklin FTSE Japan ETF by 5.2% during the first quarter, now holding 7,113 shares after acquiring an additional 353 shares. O Shaughnessy Asset Management LLC also increased its position by 11.7% in the same first quarter, now owning 7,735 shares valued at $240,000 following the purchase of 808 additional shares. Finally, Saxon Interests Inc. acquired a new stake in the Franklin FTSE Japan ETF in the first quarter, with an investment close to $284,000.

Performance of Franklin FTSE Japan ETF

The Franklin FTSE Japan ETF (NYSEARCA:FLJP) opened at $30.15 recently. Over the past 12 months, the ETF has seen its lowest value at $25.10 and its highest at $31.30. It boasts a market capitalization of approximately $1.95 billion and operates with a PE ratio of 14.01. The ETF has a beta of 0.75, indicating less volatility compared to the broader market. The average price over the last 50 days stands at $29.65, while the 200-day average is $29.63.

Understanding the Franklin FTSE Japan ETF

The Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that follows the FTSE Japan RIC Capped Index. This fund is designed to track a market-cap-selected and weighted index of Japanese equities. Launched on November 2, 2017, it is managed by Franklin Templeton.

Further Insights

Investors looking to understand market trends or identify institutional holdings in the Franklin FTSE Japan ETF can find pertinent information in quarterly 13F filings and other updates. Additionally, trends in related sectors and stocks can offer further investment opportunities.

Investment, ETF, Finance