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

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw unusually-high trading volume on Wednesday . Approximately 599,314 shares changed hands during trading, an increase of 25% from the previous session’s volume of 478,948 shares.The stock last traded at $101.87 and had previously closed at $100.27.

Franklin FTSE Taiwan ETF Price Performance

The stock has a market cap of $2.78 billion, a PE ratio of 17.84 and a beta of 1.08. The stock has a 50-day moving average price of $79.84 and a two-hundred day moving average price of $69.79.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. AIA Group Ltd grew its position in Franklin FTSE Taiwan ETF by 37.3% in the third quarter. AIA Group Ltd now owns 33,600 shares of the company’s stock worth $1,973,000 after acquiring an additional 9,125 shares in the last quarter. JPMorgan Chase & Co. grew its position in Franklin FTSE Taiwan ETF by 261.4% in the third quarter. JPMorgan Chase & Co. now owns 251,060 shares of the company’s stock worth $14,745,000 after acquiring an additional 181,593 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new position in Franklin FTSE Taiwan ETF in the fourth quarter worth about $443,000. Bank of Nova Scotia grew its position in Franklin FTSE Taiwan ETF by 11.8% in the fourth quarter. Bank of Nova Scotia now owns 57,930 shares of the company’s stock worth $3,531,000 after acquiring an additional 6,100 shares in the last quarter. Finally, Vident Advisory LLC grew its position in Franklin FTSE Taiwan ETF by 593.3% in the fourth quarter. Vident Advisory LLC now owns 49,444 shares of the company’s stock worth $3,008,000 after acquiring an additional 42,312 shares in the last quarter.

Franklin FTSE Taiwan ETF Company Profile

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.