Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Hits New 52-Week High – Time to Buy?

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $71.41 and last traded at $71.5530, with a volume of 109968 shares trading hands. The stock had previously closed at $70.15.

Franklin FTSE Taiwan ETF Stock Up 2.1%

The company has a fifty day moving average of $64.61 and a two-hundred day moving average of $60.65. The stock has a market capitalization of $780.69 million, a price-to-earnings ratio of 17.84 and a beta of 0.94.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its position in Franklin FTSE Taiwan ETF by 119.4% in the first quarter. Royal Bank of Canada now owns 16,339 shares of the company’s stock valued at $707,000 after purchasing an additional 8,891 shares during the period. Jane Street Group LLC raised its stake 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 worth $6,874,000 after buying an additional 141,107 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 worth $3,626,000 after buying an additional 34,905 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Franklin FTSE Taiwan ETF in the 2nd quarter valued at approximately $140,000. Finally, Bare Financial Services Inc lifted its holdings in shares of Franklin FTSE Taiwan ETF by 690.1% in 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 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.