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

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw strong trading volume on Wednesday . 898,673 shares changed hands during trading, an increase of 156% from the previous session’s volume of 350,498 shares.The stock last traded at $72.94 and had previously closed at $68.96.

Franklin FTSE Taiwan ETF Trading Up 5.9%

The firm has a market capitalization of $1.61 billion, a PE ratio of 17.84 and a beta of 0.95. The business has a 50 day moving average price of $69.14 and a 200-day moving average price of $63.91.

Hedge Funds Weigh In On Franklin FTSE Taiwan ETF

Large investors have recently modified their holdings of the business. BOCHK Asset Management Ltd purchased a new position in shares of Franklin FTSE Taiwan ETF during the 4th quarter worth approximately $86,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Franklin FTSE Taiwan ETF by 297.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,145 shares of the company’s stock valued at $243,000 after purchasing an additional 3,103 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake 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. Kestra Private Wealth Services LLC purchased a new position in Franklin FTSE Taiwan ETF in the 4th quarter valued at approximately $443,000. Finally, Bank of America Corp DE increased its stake in Franklin FTSE Taiwan ETF by 31.0% in the 2nd 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 in 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.