Franklin FTSE Taiwan ETF (NYSEARCA:FLTW – Get Free Report)’s share price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $90.51 and traded as low as $81.85. Franklin FTSE Taiwan ETF shares last traded at $82.05, with a volume of 586,973 shares changing hands.
Franklin FTSE Taiwan ETF Price Performance
The firm has a market capitalization of $3.85 billion, a PE ratio of 17.84 and a beta of 1.18. The company’s fifty day simple moving average is $105.37 and its 200 day simple moving average is $90.51.
Institutional Trading of Franklin FTSE Taiwan ETF
Several hedge funds and other institutional investors have recently modified their holdings of FLTW. Principal Financial Group Inc. lifted its stake in shares of Franklin FTSE Taiwan ETF by 27.5% during the 1st quarter. Principal Financial Group Inc. now owns 916,005 shares of the company’s stock valued at $62,389,000 after buying an additional 197,716 shares in the last quarter. Royal Bank of Canada boosted its holdings in Franklin FTSE Taiwan ETF by 96.9% in the 1st quarter. Royal Bank of Canada now owns 60,933 shares of the company’s stock worth $4,150,000 after buying an additional 29,988 shares during the period. StoneX Group Inc. bought a new position in Franklin FTSE Taiwan ETF in the 3rd quarter worth approximately $6,564,000. Bank of Nova Scotia grew its stake in Franklin FTSE Taiwan ETF by 1.9% in the 1st quarter. Bank of Nova Scotia now owns 59,030 shares of the company’s stock valued at $4,021,000 after buying an additional 1,100 shares in the last quarter. Finally, Innealta Capital LLC grew its stake in Franklin FTSE Taiwan ETF by 49.4% in the 1st quarter. Innealta Capital LLC now owns 55,342 shares of the company’s stock valued at $3,769,000 after buying an additional 18,290 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.
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