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

Shares of Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw unusually-high trading volume on Friday . Approximately 832,481 shares were traded during mid-day trading, an increase of 199% from the previous session’s volume of 278,773 shares.The stock last traded at $66.8110 and had previously closed at $67.76.

Franklin FTSE Taiwan ETF Stock Down 1.9%

The firm has a market cap of $704.93 million, a P/E ratio of 17.84 and a beta of 0.94. The company’s 50 day simple moving average is $62.12 and its 200-day simple moving average is $59.11.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its stake 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 valued at $707,000 after buying an additional 8,891 shares during the period. Jane Street Group LLC grew its position in shares of Franklin FTSE Taiwan ETF by 788.1% in the 1st quarter. Jane Street Group LLC now owns 159,012 shares of the company’s stock worth $6,874,000 after buying an additional 141,107 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Franklin FTSE Taiwan ETF in the second quarter worth $54,000. JPMorgan Chase & Co. grew its stake in Franklin FTSE Taiwan ETF by 101.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 69,467 shares of the company’s stock worth $3,626,000 after buying an additional 34,905 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Franklin FTSE Taiwan ETF during the second quarter worth about $140,000.

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.