Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Unusually-High Trading Volume – Here’s Why

Shares of Franklin FTSE Taiwan ETF (NYSEARCA:FLTW – Get Free Report) saw strong trading volume on Monday . Approximately 2,218,855 shares changed hands during mid-day trading, an increase of 359% from the previous session’s volume of 483,533 shares.The stock last traded at $92.73 and had previously closed at $93.67.

Franklin FTSE Taiwan ETF Stock Up 5.2%

The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 17.84 and a beta of 1.10. The firm’s 50 day moving average is $99.36 and its 200 day moving average is $81.40.

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Institutional Trading of Franklin FTSE Taiwan ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC grew its holdings in shares of Franklin FTSE Taiwan ETF by 281.4% during the 4th quarter. Jane Street Group LLC now owns 596,465 shares of the company’s stock valued at $36,289,000 after acquiring an additional 440,060 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Franklin FTSE Taiwan ETF by 464.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 498,297 shares of the company’s stock valued at $30,316,000 after purchasing an additional 410,093 shares during the last quarter. Principal Financial Group Inc. boosted its position in Franklin FTSE Taiwan ETF by 27.5% during the first quarter. Principal Financial Group Inc. now owns 916,005 shares of the company’s stock valued at $62,389,000 after purchasing an additional 197,716 shares during the last quarter. JPMorgan Chase & Co. grew its stake in 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 in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Franklin FTSE Taiwan ETF by 323.4% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 173,898 shares of the company’s stock valued at $9,076,000 after purchasing an additional 132,829 shares in the last quarter.

About Franklin FTSE Taiwan ETF

(Get Free Report)

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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