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

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) shares saw strong trading volume on Tuesday . Approximately 853,836 shares changed hands during trading, an increase of 72% from the previous session’s volume of 496,571 shares.The stock last traded at $97.29 and had previously closed at $92.96.

Franklin FTSE Taiwan ETF Trading Up 3.9%

The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 17.84 and a beta of 1.10. The company’s 50 day moving average is $99.68 and its 200-day moving average is $83.29.

Institutional Trading of Franklin FTSE Taiwan ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. BOCHK Asset Management Ltd bought a new position in shares of Franklin FTSE Taiwan ETF during the 4th quarter worth approximately $86,000. Focus Financial Network Inc. acquired a new position in shares of Franklin FTSE Taiwan ETF during the 2nd quarter worth approximately $280,000. Wealthfront Advisers LLC acquired a new position in shares of Franklin FTSE Taiwan ETF during the 1st quarter worth approximately $233,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Franklin FTSE Taiwan ETF by 12.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,662 shares of the company’s stock valued at $284,000 after acquiring an additional 517 shares during the period. Finally, Kestra Private Wealth Services LLC bought a new stake in Franklin FTSE Taiwan ETF in the 4th quarter valued at $443,000.

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.