Mercer Global Advisors Inc. ADV Makes New Investment in Franklin FTSE Japan ETF (NYSEARCA:FLJP)

Mercer Global Advisors Inc. ADV bought a new position in Franklin FTSE Japan ETF (NYSEARCA:FLJP – Get Rating) in the fourth quarter, HoldingsChannel.com reports. The fund bought 10,118 shares of the company’s stock, valued at approximately $243,000.

Other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. bought a new stake in Franklin FTSE Japan ETF during the third quarter worth about $38,000. Kore Private Wealth LLC acquired a new position in shares of Franklin FTSE Japan ETF during the second quarter worth approximately $200,000. Resources Investment Advisors LLC. acquired a new position in Franklin FTSE Japan ETF during the 3rd quarter worth $223,000. Evoke Wealth LLC bought a new position in Franklin FTSE Japan ETF in the 3rd quarter valued at $236,000. Finally, Koshinski Asset Management Inc. acquired a new stake in Franklin FTSE Japan ETF in the fourth quarter worth about $260,000.

Franklin FTSE Japan ETF Price Performance

Shares of NYSEARCA:FLJP opened at $26.44 on Friday. The company has a 50 day moving average of $25.91 and a 200-day moving average of $25.09. Franklin FTSE Japan ETF has a one year low of $21.17 and a one year high of $27.00. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 14.11 and a beta of 0.67.

About Franklin FTSE Japan ETF

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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.