Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Large Volume Increase – Time to Buy?

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw unusually-strong trading volume on Wednesday . Approximately 714,269 shares changed hands during mid-day trading, an increase of 108% from the previous session’s volume of 343,391 shares.The stock last traded at $82.43 and had previously closed at $80.13.

Franklin FTSE Taiwan ETF Stock Performance

The stock has a market capitalization of $2.08 billion, a P/E ratio of 17.84 and a beta of 0.96. The firm has a 50-day moving average price of $71.53 and a 200 day moving average price of $65.41.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Kestra Private Wealth Services LLC lifted its holdings in shares of Franklin FTSE Taiwan ETF by 1.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 7,406 shares of the company’s stock worth $504,000 after acquiring an additional 131 shares during the last quarter. Vident Advisory LLC raised its position in Franklin FTSE Taiwan ETF by 593.3% in the 4th quarter. Vident Advisory LLC now owns 49,444 shares of the company’s stock worth $3,008,000 after purchasing an additional 42,312 shares during the period. OLD Mission Capital LLC purchased a new position in Franklin FTSE Taiwan ETF in the 4th quarter worth $5,026,000. Bank of Nova Scotia lifted its stake in Franklin FTSE Taiwan ETF by 11.8% in the fourth quarter. Bank of Nova Scotia now owns 57,930 shares of the company’s stock worth $3,531,000 after purchasing an additional 6,100 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in Franklin FTSE Taiwan ETF by 281.4% in the fourth quarter. Jane Street Group LLC now owns 596,465 shares of the company’s stock worth $36,289,000 after purchasing an additional 440,060 shares during the last quarter.

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.