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

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $106.59 and last traded at $106.35, with a volume of 26188 shares traded. The stock had previously closed at $103.03.

Franklin FTSE Taiwan ETF Trading Up 3.6%

The business’s 50 day simple moving average is $90.34 and its 200 day simple moving average is $74.51. The company has a market cap of $2.93 billion, a P/E ratio of 17.84 and a beta of 1.11.

Institutional Trading of Franklin FTSE Taiwan ETF

A number of institutional investors have recently bought and sold shares of FLTW. BOCHK Asset Management Ltd bought a new stake in shares of Franklin FTSE Taiwan ETF during the fourth quarter worth $86,000. Wealthfront Advisers LLC purchased a new position in Franklin FTSE Taiwan ETF in the first quarter valued at about $233,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Franklin FTSE Taiwan ETF by 12.5% in the fourth 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. Kestra Private Wealth Services LLC purchased a new position in Franklin FTSE Taiwan ETF in the fourth quarter valued at about $443,000. Finally, Bank of America Corp DE grew its stake in 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 valued at $511,000 after purchasing an additional 2,321 shares during the last quarter.

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.