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

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) shares saw unusually-high trading volume on Thursday . Approximately 1,344,102 shares changed hands during mid-day trading, an increase of 176% from the previous session’s volume of 486,511 shares.The stock last traded at $104.55 and had previously closed at $105.35.

Franklin FTSE Taiwan ETF Price Performance

The business’s fifty day simple moving average is $85.10 and its 200 day simple moving average is $72.05. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 17.84 and a beta of 1.11.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its holdings in Franklin FTSE Taiwan ETF by 119.4% during the 1st 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 during the period. Jane Street Group LLC grew its holdings in Franklin FTSE Taiwan ETF by 788.1% in 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 during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Franklin FTSE Taiwan ETF by 101.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 69,467 shares of the company’s stock valued at $3,626,000 after purchasing an additional 34,905 shares during the last quarter. Bank of Nova Scotia grew its stake in Franklin FTSE Taiwan ETF by 35.6% during the 2nd quarter. Bank of Nova Scotia now owns 34,030 shares of the company’s stock worth $1,776,000 after buying an additional 8,940 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in 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 worth $9,076,000 after acquiring 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.