Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Hits New 1-Year High – Still a Buy?

Shares of Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) hit a new 52-week high on Tuesday . The company traded as high as $94.66 and last traded at $94.66, with a volume of 61314 shares. The stock had previously closed at $93.19.

Franklin FTSE Taiwan ETF Stock Up 1.6%

The stock has a fifty day moving average of $74.87 and a two-hundred day moving average of $67.47. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 17.84 and a beta of 1.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FLTW. Jane Street Group LLC grew its holdings in Franklin FTSE Taiwan ETF by 281.4% during the fourth quarter. Jane Street Group LLC now owns 596,465 shares of the company’s stock worth $36,289,000 after acquiring an additional 440,060 shares during the period. Goldman Sachs Group Inc. grew its holdings in Franklin FTSE Taiwan ETF by 464.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 498,297 shares of the company’s stock valued at $30,316,000 after purchasing an additional 410,093 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Franklin FTSE Taiwan ETF by 27.5% in the first 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. JPMorgan Chase & Co. increased its position in shares of Franklin FTSE Taiwan ETF by 261.4% in the third quarter. JPMorgan Chase & Co. now owns 251,060 shares of the company’s stock valued at $14,745,000 after buying an additional 181,593 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Franklin FTSE Taiwan ETF by 323.4% in the second 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 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.