Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Reaches New 12-Month High – Time to Buy?

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $110.56 and last traded at $110.6780, with a volume of 20723 shares traded. The stock had previously closed at $107.48.

Franklin FTSE Taiwan ETF Price Performance

The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 17.84 and a beta of 1.13. The firm has a 50 day moving average price of $100.23 and a 200-day moving average price of $91.50.

Hedge Funds Weigh In On Franklin FTSE Taiwan ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. increased its stake in shares of Franklin FTSE Taiwan ETF by 27.5% during the first quarter. Principal Financial Group Inc. now owns 916,005 shares of the company’s stock worth $62,389,000 after buying an additional 197,716 shares during the period. TD Waterhouse Canada Inc. purchased a new stake in shares of Franklin FTSE Taiwan ETF in the 2nd quarter valued at approximately $4,847,000. Royal Bank of Canada raised its holdings in shares of 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 valued at $4,150,000 after purchasing an additional 29,988 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of 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 purchasing an additional 1,100 shares in the last quarter. Finally, Innealta Capital LLC raised its holdings in shares of 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 purchasing 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.