Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Large Volume Increase – What’s Next?

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) shares saw unusually-high trading volume on Wednesday . Approximately 1,076,524 shares were traded during trading, an increase of 179% from the previous session’s volume of 385,793 shares.The stock last traded at $69.51 and had previously closed at $68.03.

Franklin FTSE Taiwan ETF Stock Up 2.5%

The firm has a market capitalization of $759.95 million, a price-to-earnings ratio of 17.84 and a beta of 0.94. The company has a fifty day moving average price of $68.72 and a two-hundred day moving average price of $63.20.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Bare Financial Services Inc grew its holdings in Franklin FTSE Taiwan ETF by 690.1% during the 2nd quarter. Bare Financial Services Inc now owns 719 shares of the company’s stock valued at $38,000 after buying an additional 628 shares during the last quarter. BOCHK Asset Management Ltd purchased a new stake in shares of Franklin FTSE Taiwan ETF during the 4th quarter valued at $86,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Franklin FTSE Taiwan ETF in the 2nd quarter worth about $140,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Franklin FTSE Taiwan ETF by 297.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,145 shares of the company’s stock worth $243,000 after buying an additional 3,103 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Franklin FTSE Taiwan ETF by 1,084.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,567 shares of the company’s stock valued at $291,000 after purchasing an additional 5,097 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.