Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Reaches New 1-Year High – Here’s What Happened

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW)’s stock price reached a new 52-week high on Monday. The stock traded as high as $112.86 and last traded at $114.0530, with a volume of 794575 shares trading hands. The stock had previously closed at $112.37.

Franklin FTSE Taiwan ETF Stock Performance

The stock has a market capitalization of $4.86 billion, a PE ratio of 17.84 and a beta of 1.12. The firm has a 50 day moving average of $103.93 and a 200-day moving average of $95.06.

Institutional Trading of Franklin FTSE Taiwan ETF

Several institutional investors have recently made changes to their positions in the stock. Focus Financial Network Inc. acquired a new position in shares of Franklin FTSE Taiwan ETF in the second quarter worth $280,000. Wealthfront Advisers LLC acquired a new stake in Franklin FTSE Taiwan ETF during the first quarter valued at $233,000. Citadel Advisors LLC acquired a new stake in Franklin FTSE Taiwan ETF during the second quarter valued at $369,000. Kestra Private Wealth Services LLC grew its stake in Franklin FTSE Taiwan ETF by 1.8% in the first quarter. Kestra Private Wealth Services LLC now owns 7,406 shares of the company’s stock valued at $504,000 after purchasing an additional 131 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Franklin FTSE Taiwan ETF by 64.6% in the first quarter. EverSource Wealth Advisors LLC now owns 9,030 shares of the company’s stock valued at $615,000 after purchasing an additional 3,544 shares in the last quarter.

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.