Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Reaches New 12-Month High – Still a Buy?

Shares of Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) reached a new 52-week high during trading on Monday . The stock traded as high as $63.79 and last traded at $63.9140, with a volume of 64788 shares trading hands. The stock had previously closed at $63.40.

Franklin FTSE Taiwan ETF Price Performance

The stock has a market capitalization of $622.74 million, a P/E ratio of 17.84 and a beta of 0.94. The stock’s fifty day moving average is $60.51 and its two-hundred day moving average is $57.91.

Hedge Funds Weigh In On Franklin FTSE Taiwan ETF

A number of institutional investors have recently bought and sold shares of FLTW. Jane Street Group LLC boosted its stake in Franklin FTSE Taiwan ETF by 132.2% in the 2nd quarter. Jane Street Group LLC now owns 369,257 shares of the company’s stock worth $19,272,000 after purchasing an additional 210,245 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of 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 worth $9,076,000 after buying an additional 132,829 shares during the period. Susquehanna International Group LLP purchased a new stake in Franklin FTSE Taiwan ETF in the 3rd quarter worth about $5,194,000. Finally, Bank of Nova Scotia boosted its position in Franklin FTSE Taiwan ETF by 52.3% during the 3rd quarter. Bank of Nova Scotia now owns 51,830 shares of the company’s stock worth $3,044,000 after acquiring an additional 17,800 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.