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

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) shares saw an uptick in trading volume on Thursday . 823,506 shares changed hands during mid-day trading, an increase of 81% from the previous session’s volume of 454,778 shares.The stock last traded at $90.62 and had previously closed at $88.99.

Franklin FTSE Taiwan ETF Trading Up 3.1%

The company has a fifty day simple moving average of $78.65 and a 200-day simple moving average of $69.24. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 17.84 and a beta of 1.08.

Institutional Trading of Franklin FTSE Taiwan ETF

Several institutional investors and hedge funds have recently bought and sold shares of FLTW. Jane Street Group LLC raised its holdings in 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 worth $36,289,000 after buying an additional 440,060 shares during the period. Goldman Sachs Group Inc. raised its holdings in Franklin FTSE Taiwan ETF by 464.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 498,297 shares of the company’s stock worth $30,316,000 after buying an additional 410,093 shares during the period. Principal Financial Group Inc. raised its holdings in Franklin FTSE Taiwan ETF by 27.5% during the 1st quarter. Principal Financial Group Inc. now owns 916,005 shares of the company’s stock worth $62,389,000 after buying an additional 197,716 shares during the period. JPMorgan Chase & Co. raised its holdings in Franklin FTSE Taiwan ETF by 261.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 251,060 shares of the company’s stock worth $14,745,000 after buying an additional 181,593 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Franklin FTSE Taiwan ETF by 323.4% during the 2nd 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.

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.