Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Reaches New 1-Year High – Here’s Why

Franklin FTSE Taiwan ETF (NYSEARCA:FLTWGet Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $67.98 and last traded at $67.82, with a volume of 294274 shares traded. The stock had previously closed at $67.39.

Franklin FTSE Taiwan ETF Trading Up 0.0%

The firm has a market capitalization of $732.35 million, a PE ratio of 17.84 and a beta of 0.94. The firm’s fifty day moving average price is $61.91 and its 200 day moving average price is $59.04.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Franklin FTSE Taiwan ETF by 12.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,662 shares of the company’s stock valued at $284,000 after acquiring an additional 517 shares during the period. BOCHK Asset Management Ltd purchased a new position in shares of Franklin FTSE Taiwan ETF during the 4th quarter valued at approximately $86,000. JPMorgan Chase & Co. lifted its stake in shares of Franklin FTSE Taiwan ETF by 261.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 251,060 shares of the company’s stock valued at $14,745,000 after purchasing an additional 181,593 shares during the period. AIA Group Ltd boosted its holdings in Franklin FTSE Taiwan ETF by 37.3% during the third quarter. AIA Group Ltd now owns 33,600 shares of the company’s stock worth $1,973,000 after buying an additional 9,125 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in Franklin FTSE Taiwan ETF during the third quarter valued at $5,194,000.

Franklin FTSE Taiwan ETF Company Profile

(Get Free Report)

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.

Further Reading

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