Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Strong Trading Volume – Here’s What Happened

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw unusually-strong trading volume on Thursday . Approximately 1,344,102 shares traded hands during mid-day trading, an increase of 176% from the previous session’s volume of 486,511 shares.The stock last traded at $104.55 and had previously closed at $105.35.

Franklin FTSE Taiwan ETF Price Performance

The company’s 50-day moving average is $83.86 and its 200-day moving average is $71.58. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 17.84 and a beta of 1.11.

Institutional Trading of Franklin FTSE Taiwan ETF

Several institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC increased its holdings in shares of Franklin FTSE Taiwan ETF by 281.4% during the 4th quarter. Jane Street Group LLC now owns 596,465 shares of the company’s stock worth $36,289,000 after buying an additional 440,060 shares during the last quarter. Goldman Sachs Group Inc. boosted 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 acquiring an additional 410,093 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in 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 acquiring an additional 197,716 shares during the last quarter. JPMorgan Chase & Co. grew its position in Franklin FTSE Taiwan ETF by 261.4% during the third quarter. JPMorgan Chase & Co. now owns 251,060 shares of the company’s stock valued at $14,745,000 after acquiring an additional 181,593 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Franklin FTSE Taiwan ETF by 323.4% during 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 acquiring an additional 132,829 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.