Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Unusually-High Trading Volume – Still a Buy?

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw unusually-high trading volume on Thursday . Approximately 823,506 shares changed hands during mid-day trading, an increase of 81% from the previous session’s volume of 454,778 shares.The stock last traded at $90.62 and had previously closed at $88.99.

Franklin FTSE Taiwan ETF Price Performance

The company’s 50 day moving average price is $77.68 and its 200 day moving average price is $68.86. The firm has a market cap of $2.49 billion, a PE ratio of 17.84 and a beta of 1.08.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in Franklin FTSE Taiwan ETF by 119.4% during the first quarter. Royal Bank of Canada now owns 16,339 shares of the company’s stock worth $707,000 after purchasing an additional 8,891 shares in the last quarter. Jane Street Group LLC raised its holdings in Franklin FTSE Taiwan ETF by 788.1% during the first quarter. Jane Street Group LLC now owns 159,012 shares of the company’s stock worth $6,874,000 after purchasing an additional 141,107 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Franklin FTSE Taiwan ETF by 101.0% during the second quarter. JPMorgan Chase & Co. now owns 69,467 shares of the company’s stock worth $3,626,000 after purchasing an additional 34,905 shares in the last quarter. Bank of Nova Scotia raised its holdings in Franklin FTSE Taiwan ETF by 35.6% during the second quarter. Bank of Nova Scotia now owns 34,030 shares of the company’s stock worth $1,776,000 after purchasing an additional 8,940 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings 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 worth $9,076,000 after purchasing an additional 132,829 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.