Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Strong Trading Volume – Should You Buy?

Shares of Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw an uptick in trading volume on Wednesday. Approximately 585,782 shares were traded during trading, an increase of 17% from the average daily volume of 502,176 shares. The stock last traded at $94.81 and had previously closed at $90.58.

Franklin FTSE Taiwan ETF Trading Up 6.1%

The stock’s 50-day moving average price is $104.49 and its two-hundred day moving average price is $90.87. The stock has a market capitalization of $4.51 billion, a P/E ratio of 20.10 and a beta of 1.20.

Institutional Trading of Franklin FTSE Taiwan ETF

Hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position 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 during the last quarter. Royal Bank of Canada increased 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 acquiring an additional 29,988 shares during the last quarter. StoneX Group Inc. purchased a new stake in Franklin FTSE Taiwan ETF in the 3rd quarter worth about $6,564,000. Bank of Nova Scotia increased its holdings 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 worth $4,021,000 after acquiring an additional 1,100 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in Franklin FTSE Taiwan ETF by 0.9% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 47,839 shares of the company’s stock valued at $5,232,000 after acquiring an additional 407 shares during the period.

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.