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

Franklin FTSE Taiwan ETF (NYSEARCA:FLTWGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $94.66 and last traded at $94.66, with a volume of 61314 shares traded. The stock had previously closed at $93.19.

Franklin FTSE Taiwan ETF Trading Up 1.1%

The business has a 50 day moving average of $75.62 and a 200-day moving average of $67.91. The stock has a market cap of $2.54 billion, a PE ratio of 17.84 and a beta of 1.08.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FLTW. Kestra Private Wealth Services LLC grew its stake in shares of Franklin FTSE Taiwan ETF by 1.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 7,406 shares of the company’s stock valued at $504,000 after purchasing an additional 131 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Franklin FTSE Taiwan ETF by 12.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,662 shares of the company’s stock valued at $284,000 after purchasing an additional 517 shares during the last quarter. BOCHK Asset Management Ltd purchased a new position in shares of Franklin FTSE Taiwan ETF in the 4th quarter valued at approximately $86,000. Bank of America Corp DE grew its stake in shares of Franklin FTSE Taiwan ETF by 31.0% in the 2nd quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock valued at $511,000 after purchasing an additional 2,321 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in shares of Franklin FTSE Taiwan ETF in the 1st quarter valued at approximately $233,000.

Franklin FTSE Taiwan ETF Company Profile

(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.

Further Reading

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