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

Shares of Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw an uptick in trading volume on Monday . 849,891 shares traded hands during trading, an increase of 145% from the previous session’s volume of 346,497 shares.The stock last traded at $70.9450 and had previously closed at $71.81.

Franklin FTSE Taiwan ETF Price Performance

The firm has a 50-day simple moving average of $64.84 and a 200 day simple moving average of $60.86. The stock has a market capitalization of $772.37 million, a P/E ratio of 17.84 and a beta of 0.94.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vident Advisory LLC grew its holdings in Franklin FTSE Taiwan ETF by 593.3% during the 4th 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 during the last quarter. OLD Mission Capital LLC bought a new position in shares of Franklin FTSE Taiwan ETF during the fourth quarter valued at $5,026,000. Bank of Nova Scotia lifted its holdings in shares of Franklin FTSE Taiwan ETF by 11.8% during the fourth quarter. Bank of Nova Scotia now owns 57,930 shares of the company’s stock worth $3,531,000 after purchasing an additional 6,100 shares during the period. Jane Street Group LLC lifted its holdings in shares of Franklin FTSE Taiwan ETF by 281.4% during the fourth quarter. Jane Street Group LLC now owns 596,465 shares of the company’s stock worth $36,289,000 after purchasing an additional 440,060 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Franklin FTSE Taiwan ETF by 15.6% in the fourth quarter. JPMorgan Chase & Co. now owns 290,149 shares of the company’s stock worth $17,653,000 after purchasing an additional 39,089 shares during 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.