Shares of Franklin FTSE Taiwan ETF (NYSEARCA:FLTW – Get Free Report) reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $111.91 and last traded at $111.91, with a volume of 165 shares trading hands. The stock had previously closed at $111.27.
Franklin FTSE Taiwan ETF Stock Performance
The company has a 50 day moving average of $102.20 and a 200-day moving average of $93.56. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 17.84 and a beta of 1.13.
Hedge Funds Weigh In On Franklin FTSE Taiwan ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its stake in shares of Franklin FTSE Taiwan ETF by 27.5% in the first quarter. Principal Financial Group Inc. now owns 916,005 shares of the company’s stock valued at $62,389,000 after acquiring an additional 197,716 shares in the last quarter. Royal Bank of Canada increased its holdings in Franklin FTSE Taiwan ETF by 96.9% during the 1st quarter. Royal Bank of Canada now owns 60,933 shares of the company’s stock worth $4,150,000 after purchasing an additional 29,988 shares during the period. Bank of Nova Scotia raised its position in Franklin FTSE Taiwan ETF by 1.9% in the 1st quarter. Bank of Nova Scotia now owns 59,030 shares of the company’s stock valued at $4,021,000 after purchasing an additional 1,100 shares in the last quarter. Innealta Capital LLC raised its position in Franklin FTSE Taiwan ETF by 49.4% in the 1st quarter. Innealta Capital LLC now owns 55,342 shares of the company’s stock valued at $3,769,000 after purchasing an additional 18,290 shares in the last quarter. Finally, TD Waterhouse Canada Inc. purchased a new position in shares of Franklin FTSE Taiwan ETF in the 2nd quarter valued at about $4,847,000.
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.
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