Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Large Volume Increase – Time to Buy?

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw unusually-strong trading volume on Wednesday . Approximately 446,255 shares were traded during trading, an increase of 22% from the previous session’s volume of 366,081 shares.The stock last traded at $69.92 and had previously closed at $70.89.

Franklin FTSE Taiwan ETF Stock Performance

The company’s 50 day moving average price is $68.45 and its 200-day moving average price is $62.79. The stock has a market cap of $762.02 million, a P/E ratio of 17.84 and a beta of 0.94.

Institutional Investors Weigh In On Franklin FTSE Taiwan ETF

Institutional investors have recently added to or reduced their stakes in the company. Bare Financial Services Inc increased its stake in 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 last quarter. BOCHK Asset Management Ltd bought a new position in shares of Franklin FTSE Taiwan ETF in the fourth quarter valued at approximately $86,000. Elevation Point Wealth Partners LLC bought a new position in shares of Franklin FTSE Taiwan ETF in the second quarter valued at approximately $140,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of 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 valued at $243,000 after acquiring an additional 3,103 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Franklin FTSE Taiwan ETF by 1,084.5% during the second quarter. EverSource Wealth Advisors LLC now owns 5,567 shares of the company’s stock valued at $291,000 after acquiring an additional 5,097 shares during 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.