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

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $65.74 and last traded at $64.9720, with a volume of 10364 shares changing hands. The stock had previously closed at $64.43.

Franklin FTSE Taiwan ETF Trading Up 1.1%

The business’s 50-day simple moving average is $60.96 and its 200 day simple moving average is $58.47. The company has a market capitalization of $684.24 million, a P/E ratio of 17.84 and a beta of 0.94.

Hedge Funds Weigh In On Franklin FTSE Taiwan ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLTW. Royal Bank of Canada boosted its stake in Franklin FTSE Taiwan ETF by 119.4% during the first quarter. Royal Bank of Canada now owns 16,339 shares of the company’s stock valued at $707,000 after buying an additional 8,891 shares in the last quarter. Jane Street Group LLC lifted its holdings in Franklin FTSE Taiwan ETF by 788.1% in the 1st quarter. Jane Street Group LLC now owns 159,012 shares of the company’s stock valued at $6,874,000 after acquiring an additional 141,107 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Franklin FTSE Taiwan ETF during the 2nd quarter valued at about $54,000. JPMorgan Chase & Co. boosted its position in shares of Franklin FTSE Taiwan ETF by 101.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 69,467 shares of the company’s stock valued at $3,626,000 after purchasing an additional 34,905 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Franklin FTSE Taiwan ETF in the 2nd quarter worth approximately $140,000.

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.