Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Hits New 52-Week High – Should You Buy?

Shares of Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $56.70 and last traded at $56.65, with a volume of 7352 shares traded. The stock had previously closed at $55.95.

Franklin FTSE Taiwan ETF Trading Up 1.3%

The firm has a market capitalization of $589.17 million, a PE ratio of 17.84 and a beta of 0.85. The business has a 50 day moving average price of $54.21 and a 200-day moving average price of $49.06.

Hedge Funds Weigh In On Franklin FTSE Taiwan ETF

Several hedge funds have recently bought and sold shares of the company. 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. Jane Street Group LLC increased its stake in Franklin FTSE Taiwan ETF by 132.2% in the 2nd quarter. Jane Street Group LLC now owns 369,257 shares of the company’s stock valued at $19,272,000 after purchasing an additional 210,245 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Franklin FTSE Taiwan ETF by 323.4% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 173,898 shares of the company’s stock valued at $9,076,000 after buying an additional 132,829 shares during the last quarter. Bank of Nova Scotia grew its holdings in Franklin FTSE Taiwan ETF by 35.6% during the 2nd quarter. Bank of Nova Scotia now owns 34,030 shares of the company’s stock valued at $1,776,000 after buying an additional 8,940 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Franklin FTSE Taiwan ETF by 1,084.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,567 shares of the company’s stock valued at $291,000 after buying an additional 5,097 shares during 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.