Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Stock Falls 0.8% – What’s Next?

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW)’s share price dropped 0.8% during mid-day trading on Monday. The company traded as low as $96.41 and last traded at $96.56. Approximately 193,781 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 504,354 shares. The stock had previously closed at $97.30.

Franklin FTSE Taiwan ETF Stock Performance

The business has a fifty day simple moving average of $106.04 and a 200 day simple moving average of $90.14. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 17.84 and a beta of 1.12.

Institutional Investors Weigh In On Franklin FTSE Taiwan ETF

A number of institutional investors have recently modified their holdings of the business. Wealthfront Advisers LLC bought a new stake in shares of Franklin FTSE Taiwan ETF in the first quarter valued at about $233,000. Focus Financial Network Inc. bought a new position in Franklin FTSE Taiwan ETF during the second quarter worth about $280,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Franklin FTSE Taiwan ETF during the third quarter worth about $325,000. Citadel Advisors LLC acquired a new stake in Franklin FTSE Taiwan ETF in the 2nd quarter worth about $369,000. Finally, EverSource Wealth Advisors LLC raised its stake in Franklin FTSE Taiwan ETF by 64.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 9,030 shares of the company’s stock worth $615,000 after purchasing an additional 3,544 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.