Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Strong Trading Volume – Here’s What Happened

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) shares saw an uptick in trading volume on Friday . 832,481 shares traded hands during mid-day trading, an increase of 199% from the previous session’s volume of 278,773 shares.The stock last traded at $66.8110 and had previously closed at $67.76.

Franklin FTSE Taiwan ETF Stock Performance

The firm has a 50 day moving average price of $62.29 and a two-hundred day moving average price of $59.24. The company has a market capitalization of $699.60 million, a P/E ratio of 17.84 and a beta of 0.94.

Institutional Trading of Franklin FTSE Taiwan ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Private Wealth Services LLC acquired a new stake in shares of Franklin FTSE Taiwan ETF in the fourth quarter valued at approximately $443,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Franklin FTSE Taiwan ETF by 12.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,662 shares of the company’s stock valued at $284,000 after buying an additional 517 shares during the last quarter. BOCHK Asset Management Ltd acquired a new stake in shares of Franklin FTSE Taiwan ETF in the 4th quarter valued at $86,000. JPMorgan Chase & Co. raised its position 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 acquiring an additional 181,593 shares during the last quarter. Finally, AIA Group Ltd lifted its stake 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 valued at $1,973,000 after acquiring an additional 9,125 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.