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

Franklin FTSE Taiwan ETF (NYSEARCA:FLTWGet Free Report) shares saw strong trading volume on Monday . 32,438 shares changed hands during mid-day trading, an increase of 51% from the previous session’s volume of 21,544 shares.The stock last traded at $62.86 and had previously closed at $62.08.

Franklin FTSE Taiwan ETF Price Performance

The stock has a fifty day moving average of $60.46 and a 200 day moving average of $57.66. The stock has a market cap of $614.88 million, a price-to-earnings ratio of 17.84 and a beta of 0.94.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FLTW. Royal Bank of Canada boosted its stake in shares of Franklin FTSE Taiwan ETF by 119.4% in the first quarter. Royal Bank of Canada now owns 16,339 shares of the company’s stock worth $707,000 after buying an additional 8,891 shares during the last quarter. Jane Street Group LLC raised its holdings in Franklin FTSE Taiwan ETF by 788.1% in the 1st quarter. Jane Street Group LLC now owns 159,012 shares of the company’s stock valued at $6,874,000 after acquiring an additional 141,107 shares during the last quarter. Boltwood Capital Management increased its position in Franklin FTSE Taiwan ETF by 15.5% during the second quarter. Boltwood Capital Management now owns 12,650 shares of the company’s stock worth $660,000 after purchasing an additional 1,700 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Franklin FTSE Taiwan ETF during the second quarter worth $54,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Franklin FTSE Taiwan ETF by 101.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 69,467 shares of the company’s stock worth $3,626,000 after purchasing an additional 34,905 shares during the period.

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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