Franklin FTSE Taiwan ETF (NYSEARCA:FLTW – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 3,549,568 shares were traded during mid-day trading, an increase of 883% from the previous session’s volume of 361,193 shares.The stock last traded at $88.51 and had previously closed at $93.18.
Franklin FTSE Taiwan ETF Stock Performance
The company has a 50-day simple moving average of $76.09 and a 200-day simple moving average of $68.13. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 17.84 and a beta of 1.08.
Institutional Trading of Franklin FTSE Taiwan ETF
Hedge funds and other institutional investors have recently made changes to their positions in the stock. AIA Group Ltd lifted its stake in shares of Franklin FTSE Taiwan ETF by 37.3% in the third quarter. AIA Group Ltd now owns 33,600 shares of the company’s stock valued at $1,973,000 after purchasing an additional 9,125 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Franklin FTSE Taiwan ETF by 261.4% in the third quarter. JPMorgan Chase & Co. now owns 251,060 shares of the company’s stock valued at $14,745,000 after purchasing an additional 181,593 shares during the period. Kestra Private Wealth Services LLC acquired a new stake in shares of Franklin FTSE Taiwan ETF in the fourth quarter valued at about $443,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Franklin FTSE Taiwan ETF by 12.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,662 shares of the company’s stock valued at $284,000 after purchasing an additional 517 shares during the period. Finally, BOCHK Asset Management Ltd acquired a new stake in shares of Franklin FTSE Taiwan ETF in the fourth quarter valued at about $86,000.
Franklin FTSE Taiwan ETF Company Profile
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.
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