Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Unusually-High Trading Volume – Time to Buy?

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw unusually-high trading volume on Wednesday . Approximately 927,382 shares changed hands during trading, an increase of 738% from the previous session’s volume of 110,672 shares.The stock last traded at $50.96 and had previously closed at $50.79.

Franklin FTSE Taiwan ETF Price Performance

The stock has a market capitalization of $624.36 million, a P/E ratio of 17.45 and a beta of 0.88. The stock has a fifty day moving average price of $45.64 and a 200 day moving average price of $46.53.

Institutional Trading of Franklin FTSE Taiwan ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new stake in shares of Franklin FTSE Taiwan ETF during the fourth quarter valued at about $260,000. CX Institutional purchased a new position in Franklin FTSE Taiwan ETF during the first quarter valued at approximately $285,000. Vident Advisory LLC bought a new stake in Franklin FTSE Taiwan ETF during the 4th quarter worth approximately $344,000. Royal Bank of Canada lifted its stake in Franklin FTSE Taiwan ETF by 119.4% in the 1st quarter. Royal Bank of Canada now owns 16,339 shares of the company’s stock worth $707,000 after purchasing an additional 8,891 shares in the last quarter. Finally, Citadel Advisors LLC lifted its stake in Franklin FTSE Taiwan ETF by 101.8% in the 4th quarter. Citadel Advisors LLC now owns 18,075 shares of the company’s stock worth $855,000 after purchasing an additional 9,116 shares in the last quarter.

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.