Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Hits New 52-Week High – Time to Buy?

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $71.41 and last traded at $71.5530, with a volume of 109968 shares. The stock had previously closed at $70.15.

Franklin FTSE Taiwan ETF Stock Up 2.1%

The company has a market cap of $780.69 million, a price-to-earnings ratio of 17.84 and a beta of 0.94. The business has a fifty day simple moving average of $64.61 and a 200 day simple moving average of $60.65.

Institutional Investors Weigh In On Franklin FTSE Taiwan ETF

Several institutional investors have recently modified their holdings of the company. Jane Street Group LLC increased its holdings in Franklin FTSE Taiwan ETF by 281.4% during the 4th quarter. Jane Street Group LLC now owns 596,465 shares of the company’s stock valued at $36,289,000 after acquiring an additional 440,060 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Franklin FTSE Taiwan ETF by 464.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 498,297 shares of the company’s stock valued at $30,316,000 after purchasing an additional 410,093 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Franklin FTSE Taiwan ETF by 261.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 251,060 shares of the company’s stock worth $14,745,000 after purchasing an additional 181,593 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Franklin FTSE Taiwan ETF by 323.4% during the 2nd 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 during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in Franklin FTSE Taiwan ETF in the 3rd quarter valued at approximately $5,194,000.

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.