Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sets New 1-Year High – Here’s Why

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $70.00 and last traded at $70.3220, with a volume of 250 shares trading hands. The stock had previously closed at $68.81.

Franklin FTSE Taiwan ETF Stock Down 1.2%

The stock has a market capitalization of $764.20 million, a PE ratio of 17.84 and a beta of 0.94. The firm’s fifty day moving average price is $63.73 and its two-hundred day moving average price is $60.06.

Institutional Trading of Franklin FTSE Taiwan ETF

Several large investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its position in Franklin FTSE Taiwan ETF by 12.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,662 shares of the company’s stock valued at $284,000 after acquiring an additional 517 shares during the last quarter. Bare Financial Services Inc grew its position in Franklin FTSE Taiwan ETF by 690.1% during the second quarter. Bare Financial Services Inc now owns 719 shares of the company’s stock valued at $38,000 after buying an additional 628 shares during the period. BOCHK Asset Management Ltd purchased a new stake in Franklin FTSE Taiwan ETF during the fourth quarter valued at approximately $86,000. Bank of America Corp DE raised its position in Franklin FTSE Taiwan ETF by 31.0% in the second quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock worth $511,000 after acquiring an additional 2,321 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of Franklin FTSE Taiwan ETF during the 2nd quarter worth $140,000.

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.