Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Stock Price Down 0.4% – What’s Next?

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW)’s stock price was down 0.4% during mid-day trading on Friday . The company traded as low as $48.07 and last traded at $48.17. Approximately 15,669 shares were traded during trading, a decline of 80% from the average daily volume of 77,458 shares. The stock had previously closed at $48.37.

Franklin FTSE Taiwan ETF Trading Down 0.4 %

The stock’s 50-day moving average is $47.65 and its 200-day moving average is $47.98. The stock has a market cap of $245.67 million, a price-to-earnings ratio of 15.14 and a beta of 1.00.

Institutional Investors Weigh In On Franklin FTSE Taiwan ETF

Several institutional investors have recently bought and sold shares of FLTW. Main Management LLC lifted its position in Franklin FTSE Taiwan ETF by 101.0% during the 3rd quarter. Main Management LLC now owns 633 shares of the company’s stock worth $31,000 after acquiring an additional 318 shares in the last quarter. Boltwood Capital Management raised its stake in shares of Franklin FTSE Taiwan ETF by 13.2% during the fourth quarter. Boltwood Capital Management now owns 11,600 shares of the company’s stock valued at $549,000 after purchasing an additional 1,350 shares during the period. Main Management ETF Advisors LLC lifted its position in shares of Franklin FTSE Taiwan ETF by 0.6% during the fourth quarter. Main Management ETF Advisors LLC now owns 230,640 shares of the company’s stock worth $10,912,000 after purchasing an additional 1,395 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Franklin FTSE Taiwan ETF in the fourth quarter valued at $260,000. Finally, Walleye Capital LLC purchased a new position in shares of Franklin FTSE Taiwan ETF in the third quarter valued at $316,000.

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.