Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sets New 12-Month High – Here’s Why

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) hit a new 52-week high on Tuesday . The stock traded as high as $63.53 and last traded at $63.5050, with a volume of 10689 shares. The stock had previously closed at $62.86.

Franklin FTSE Taiwan ETF Stock Down 0.7%

The firm has a market cap of $610.81 million, a PE ratio of 17.84 and a beta of 0.94. The business has a 50 day simple moving average of $60.47 and a two-hundred day simple moving average of $57.70.

Institutional Trading of Franklin FTSE Taiwan ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC boosted its holdings in shares of Franklin FTSE Taiwan ETF by 132.2% in the second quarter. Jane Street Group LLC now owns 369,257 shares of the company’s stock valued at $19,272,000 after purchasing an additional 210,245 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Franklin FTSE Taiwan ETF by 261.4% in the third quarter. JPMorgan Chase & Co. now owns 251,060 shares of the company’s stock valued at $14,745,000 after acquiring an additional 181,593 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings 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 acquiring an additional 132,829 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in Franklin FTSE Taiwan ETF in the third quarter worth about $5,194,000. Finally, Bank of Nova Scotia grew its holdings in Franklin FTSE Taiwan ETF by 52.3% during the 3rd quarter. Bank of Nova Scotia now owns 51,830 shares of the company’s stock worth $3,044,000 after acquiring an additional 17,800 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.