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

Shares of Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw unusually-high trading volume on Wednesday . Approximately 519,243 shares were traded during mid-day trading, an increase of 3% from the previous session’s volume of 505,769 shares.The stock last traded at $102.58 and had previously closed at $100.41.

Franklin FTSE Taiwan ETF Price Performance

The company has a market cap of $2.92 billion, a price-to-earnings ratio of 17.84 and a beta of 1.12. The business has a 50 day simple moving average of $99.28 and a 200 day simple moving average of $84.72.

Hedge Funds Weigh In On Franklin FTSE Taiwan ETF

Large investors have recently modified their holdings of the business. Jane Street Group LLC boosted its stake in Franklin FTSE Taiwan ETF by 281.4% in the 4th quarter. Jane Street Group LLC now owns 596,465 shares of the company’s stock valued at $36,289,000 after purchasing an additional 440,060 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Franklin FTSE Taiwan ETF by 464.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 498,297 shares of the company’s stock worth $30,316,000 after purchasing an additional 410,093 shares during the last quarter. Principal Financial Group Inc. increased 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 purchasing an additional 197,716 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of 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 worth $9,076,000 after buying an additional 132,829 shares during the period. Finally, Susquehanna International Group LLP bought a new position in shares of Franklin FTSE Taiwan ETF during the 3rd quarter worth approximately $5,194,000.

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.