Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Strong Trading Volume – Here’s What Happened

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw an uptick in trading volume on Friday . 832,481 shares traded hands during trading, an increase of 199% from the previous session’s volume of 278,773 shares.The stock last traded at $66.8110 and had previously closed at $67.76.

Franklin FTSE Taiwan ETF Price Performance

The business has a 50 day moving average price of $62.12 and a 200 day moving average price of $59.11. The stock has a market capitalization of $704.93 million, a PE ratio of 17.84 and a beta of 0.94.

Institutional Trading of Franklin FTSE Taiwan ETF

Several institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in shares of Franklin FTSE Taiwan ETF by 119.4% during the 1st quarter. Royal Bank of Canada now owns 16,339 shares of the company’s stock valued at $707,000 after acquiring an additional 8,891 shares during the last quarter. Jane Street Group LLC grew its position in shares of Franklin FTSE Taiwan ETF by 788.1% during 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 period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Franklin FTSE Taiwan ETF in the second quarter worth about $54,000. JPMorgan Chase & Co. increased its holdings in Franklin FTSE Taiwan ETF by 101.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 69,467 shares of the company’s stock worth $3,626,000 after acquiring an additional 34,905 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Franklin FTSE Taiwan ETF in the second quarter worth $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.