Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Large Volume Increase – Still a Buy?

Shares of Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw unusually-high trading volume on Wednesday . Approximately 1,076,524 shares traded hands during trading, an increase of 179% from the previous session’s volume of 385,793 shares.The stock last traded at $69.51 and had previously closed at $68.03.

Franklin FTSE Taiwan ETF Price Performance

The firm has a market capitalization of $759.95 million, a PE ratio of 17.84 and a beta of 0.94. The company’s fifty day simple moving average is $68.72 and its 200-day simple moving average is $63.20.

Institutional Trading of Franklin FTSE Taiwan ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC grew its stake in 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 valued at $36,289,000 after acquiring an additional 440,060 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Franklin FTSE Taiwan ETF by 464.9% during the 4th 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 period. JPMorgan Chase & Co. raised its holdings in shares of Franklin FTSE Taiwan ETF by 261.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 251,060 shares of the company’s stock valued at $14,745,000 after buying an additional 181,593 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Franklin FTSE Taiwan ETF by 323.4% in 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 purchasing an additional 132,829 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in shares of Franklin FTSE Taiwan ETF in the third quarter valued at $5,194,000.

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.