Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Stock Falls 0.8% – Here’s Why

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW)’s share price fell 0.8% on Monday. The company traded as low as $96.41 and last traded at $96.56. Approximately 193,781 shares changed hands during trading, a decline of 62% from the average session volume of 504,354 shares. The stock had previously closed at $97.30.

Franklin FTSE Taiwan ETF Stock Performance

The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 17.84 and a beta of 1.18. The firm’s 50 day moving average is $105.77 and its 200-day moving average is $90.43.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. grew its position in shares of Franklin FTSE Taiwan ETF by 0.9% in the third quarter. TD Waterhouse Canada Inc. now owns 47,839 shares of the company’s stock valued at $5,232,000 after purchasing an additional 407 shares during the last quarter. Bank of Nova Scotia boosted its stake in Franklin FTSE Taiwan ETF by 1.9% during the 1st quarter. Bank of Nova Scotia now owns 59,030 shares of the company’s stock valued at $4,021,000 after purchasing an additional 1,100 shares during the period. Focus Financial Network Inc. acquired a new stake in Franklin FTSE Taiwan ETF in the 2nd quarter valued at approximately $280,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Franklin FTSE Taiwan ETF in the 3rd quarter valued at approximately $325,000. Finally, Wealthfront Advisers LLC acquired a new stake in Franklin FTSE Taiwan ETF in the 1st quarter valued at approximately $233,000.

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.