Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw strong trading volume on Monday . 849,891 shares were traded during mid-day 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 Trading Down 1.3%

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bare Financial Services Inc increased its holdings in Franklin FTSE Taiwan ETF by 690.1% in the 2nd quarter. Bare Financial Services Inc now owns 719 shares of the company’s stock valued at $38,000 after buying an additional 628 shares during the period. BOCHK Asset Management Ltd bought a new stake in shares of Franklin FTSE Taiwan ETF during the 4th quarter worth approximately $86,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Franklin FTSE Taiwan ETF during the 2nd quarter worth approximately $140,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Franklin FTSE Taiwan ETF by 297.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,145 shares of the company’s stock worth $243,000 after acquiring an additional 3,103 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Franklin FTSE Taiwan ETF by 1,084.5% in the second quarter. EverSource Wealth Advisors LLC now owns 5,567 shares of the company’s stock valued at $291,000 after acquiring an additional 5,097 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.