Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Reaches New 1-Year High – Time to Buy?

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $89.98 and last traded at $89.50, with a volume of 133659 shares changing hands. The stock had previously closed at $87.14.

Franklin FTSE Taiwan ETF Stock Up 2.7%

The company has a market capitalization of $2.46 billion, a P/E ratio of 17.84 and a beta of 1.08. The stock has a fifty day simple moving average of $73.30 and a 200-day simple moving average of $66.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FLTW. Jane Street Group LLC lifted its holdings in shares of Franklin FTSE Taiwan ETF by 281.4% during the fourth quarter. Jane Street Group LLC now owns 596,465 shares of the company’s stock valued at $36,289,000 after acquiring an additional 440,060 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Franklin FTSE Taiwan ETF by 464.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 498,297 shares of the company’s stock valued at $30,316,000 after acquiring an additional 410,093 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Franklin FTSE Taiwan ETF by 27.5% during the first quarter. Principal Financial Group Inc. now owns 916,005 shares of the company’s stock valued at $62,389,000 after acquiring an additional 197,716 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Franklin FTSE Taiwan ETF by 261.4% during the third quarter. JPMorgan Chase & Co. now owns 251,060 shares of the company’s stock valued at $14,745,000 after acquiring an additional 181,593 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Franklin FTSE Taiwan ETF by 323.4% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 173,898 shares of the company’s stock valued at $9,076,000 after acquiring an additional 132,829 shares during the period.

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.