Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Unusually-High Trading Volume – Still a Buy?
by Teresa Graham · The Cerbat GemFranklin FTSE Taiwan ETF (NYSEARCA:FLTW – Get Free Report) shares saw an uptick in trading volume on Thursday . 823,506 shares changed hands during mid-day trading, an increase of 81% from the previous session’s volume of 454,778 shares.The stock last traded at $90.62 and had previously closed at $88.99.
Franklin FTSE Taiwan ETF Stock Up 1.9%
The stock’s 50-day simple moving average is $77.68 and its two-hundred day simple moving average is $68.86. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 17.84 and a beta of 1.08.
Institutional Investors Weigh In On Franklin FTSE Taiwan ETF
Large investors have recently modified their holdings of the business. AIA Group Ltd grew its holdings in shares of Franklin FTSE Taiwan ETF by 37.3% during the third quarter. AIA Group Ltd now owns 33,600 shares of the company’s stock worth $1,973,000 after buying an additional 9,125 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Franklin FTSE Taiwan ETF by 261.4% during the third quarter. JPMorgan Chase & Co. now owns 251,060 shares of the company’s stock worth $14,745,000 after buying an additional 181,593 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of Franklin FTSE Taiwan ETF during the fourth quarter worth $443,000. Royal Bank of Canada grew its holdings in shares of Franklin FTSE Taiwan ETF by 96.9% during the first quarter. Royal Bank of Canada now owns 60,933 shares of the company’s stock worth $4,150,000 after buying an additional 29,988 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of Franklin FTSE Taiwan ETF by 1.9% in the first quarter. Bank of Nova Scotia now owns 59,030 shares of the company’s stock valued at $4,021,000 after purchasing an additional 1,100 shares during the period.
About Franklin FTSE Taiwan ETF
The Franklin FTSE Taiwan ETF (FLTW) is an exchange-traded fund that is based on the FTSE Taiwan RIC Capped index, a market-cap-weighted index of Taiwanese companies, excluding small-caps. FLTW was launched on Nov 2, 2017 and is managed by Franklin Templeton.