Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Reaches New 52-Week High – Here’s Why

Shares of Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) hit a new 52-week high on Thursday . The company traded as high as $106.59 and last traded at $106.35, with a volume of 26188 shares. The stock had previously closed at $103.03.

Franklin FTSE Taiwan ETF Stock Up 3.6%

The firm has a market cap of $2.93 billion, a PE ratio of 17.84 and a beta of 1.11. The stock has a 50 day moving average price of $90.34 and a two-hundred day moving average price of $74.51.

Institutional Investors Weigh In On Franklin FTSE Taiwan ETF

A number of large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its position in Franklin FTSE Taiwan ETF by 64.6% in the first quarter. EverSource Wealth Advisors LLC now owns 9,030 shares of the company’s stock valued at $615,000 after buying an additional 3,544 shares during the last quarter. Royal Bank of Canada boosted its position in Franklin FTSE Taiwan ETF by 96.9% in the first quarter. Royal Bank of Canada now owns 60,933 shares of the company’s stock valued at $4,150,000 after buying an additional 29,988 shares during the last quarter. Bank of Nova Scotia boosted its position in Franklin FTSE Taiwan ETF by 1.9% in the first quarter. Bank of Nova Scotia now owns 59,030 shares of the company’s stock valued at $4,021,000 after buying an additional 1,100 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in Franklin FTSE Taiwan ETF in the first quarter valued at approximately $233,000. Finally, Principal Financial Group Inc. boosted its position in Franklin FTSE Taiwan ETF by 27.5% in the first quarter. Principal Financial Group Inc. now owns 916,005 shares of the company’s stock valued at $62,389,000 after buying an additional 197,716 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.