Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Reaches New 52-Week High – What’s Next?

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $94.79 and last traded at $94.75, with a volume of 161691 shares changing hands. The stock had previously closed at $91.61.

Franklin FTSE Taiwan ETF Price Performance

The company has a 50-day moving average of $78.15 and a two-hundred day moving average of $69.06. The stock has a market capitalization of $2.61 billion, a PE ratio of 17.84 and a beta of 1.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FLTW. Royal Bank of Canada lifted its position in shares of 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 lifted its position in shares of 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. lifted its position in shares of 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 lifted its position in shares of 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 lifted its position in shares of 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.

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.