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

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) hit a new 52-week high on Monday . The stock traded as high as $63.79 and last traded at $63.9140, with a volume of 64788 shares traded. The stock had previously closed at $63.40.

Franklin FTSE Taiwan ETF Price Performance

The firm’s fifty day moving average price is $60.51 and its 200-day moving average price is $57.91. The company has a market cap of $622.74 million, a price-to-earnings ratio of 17.84 and a beta of 0.94.

Institutional Investors Weigh In On Franklin FTSE Taiwan ETF

Several large investors have recently made changes to their positions in the company. Bare Financial Services Inc boosted its position in shares of Franklin FTSE Taiwan ETF by 690.1% during the second quarter. Bare Financial Services Inc now owns 719 shares of the company’s stock worth $38,000 after buying an additional 628 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Franklin FTSE Taiwan ETF during the 2nd quarter valued at $54,000. Elevation Point Wealth Partners LLC acquired a new position in Franklin FTSE Taiwan ETF during the 2nd quarter worth $140,000. EverSource Wealth Advisors LLC boosted its position in Franklin FTSE Taiwan ETF by 1,084.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,567 shares of the company’s stock worth $291,000 after acquiring an additional 5,097 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Franklin FTSE Taiwan ETF by 31.0% in the second quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock worth $511,000 after purchasing an additional 2,321 shares in the last quarter.

Franklin FTSE Taiwan ETF Company Profile

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.