Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Hits New 1-Year High – Here’s What Happened

Shares of Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $102.56 and last traded at $101.32, with a volume of 1464876 shares changing hands. The stock had previously closed at $100.27.

Franklin FTSE Taiwan ETF Stock Up 1.0%

The company’s fifty day moving average price is $80.47 and its 200-day moving average price is $70.08. The stock has a market capitalization of $2.79 billion, a PE ratio of 17.84 and a beta of 1.08.

Hedge Funds Weigh In On Franklin FTSE Taiwan ETF

Hedge funds have recently added to or reduced their stakes in the company. BOCHK Asset Management Ltd purchased a new position in Franklin FTSE Taiwan ETF in the 4th quarter worth approximately $86,000. Wealthfront Advisers LLC purchased a new position in Franklin FTSE Taiwan ETF in the 1st quarter worth approximately $233,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Franklin FTSE Taiwan ETF by 297.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,145 shares of the company’s stock worth $243,000 after acquiring an additional 3,103 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new position in Franklin FTSE Taiwan ETF in the 4th quarter worth approximately $443,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Franklin FTSE Taiwan ETF by 64.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 9,030 shares of the company’s stock worth $615,000 after acquiring an additional 3,544 shares during the last quarter.

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.