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

Franklin FTSE Taiwan ETF (NYSEARCA:FLTWGet Free Report) saw unusually-high trading volume on Wednesday . Approximately 446,255 shares changed hands during trading, an increase of 22% from the previous session’s volume of 366,081 shares.The stock last traded at $69.92 and had previously closed at $70.89.

Franklin FTSE Taiwan ETF Stock Performance

The firm has a market cap of $764.09 million, a PE ratio of 17.84 and a beta of 0.94. The company has a 50 day simple moving average of $68.19 and a two-hundred day simple moving average of $62.69.

Institutional Trading of Franklin FTSE Taiwan ETF

Several hedge funds have recently modified their holdings of FLTW. Vident Advisory LLC increased its stake in Franklin FTSE Taiwan ETF by 593.3% in the fourth quarter. Vident Advisory LLC now owns 49,444 shares of the company’s stock valued at $3,008,000 after purchasing an additional 42,312 shares during the last quarter. OLD Mission Capital LLC acquired a new stake in shares of Franklin FTSE Taiwan ETF during the fourth quarter valued at $5,026,000. Bank of Nova Scotia increased its stake in Franklin FTSE Taiwan ETF by 11.8% in the fourth quarter. Bank of Nova Scotia now owns 57,930 shares of the company’s stock valued at $3,531,000 after purchasing an additional 6,100 shares during the last quarter. Jane Street Group LLC boosted its holdings in Franklin FTSE Taiwan ETF by 281.4% in the fourth 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 during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Franklin FTSE Taiwan ETF by 15.6% during the 4th quarter. JPMorgan Chase & Co. now owns 290,149 shares of the company’s stock worth $17,653,000 after purchasing an additional 39,089 shares during the period.

About Franklin FTSE Taiwan ETF

(Get Free Report)

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.

Further Reading

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