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 Wednesday . 599,314 shares changed hands during mid-day trading, an increase of 25% from the previous session’s volume of 478,948 shares.The stock last traded at $101.87 and had previously closed at $100.27.

Franklin FTSE Taiwan ETF Stock Up 0.9%

The firm has a market cap of $2.78 billion, a P/E ratio of 17.84 and a beta of 1.08. The company’s 50 day simple moving average is $79.84 and its 200-day simple moving average is $69.79.

Institutional Trading of Franklin FTSE Taiwan ETF

Institutional investors have recently added to or reduced their stakes in the company. BOCHK Asset Management Ltd bought a new stake in Franklin FTSE Taiwan ETF in the fourth quarter worth about $86,000. Wealthfront Advisers LLC bought a new stake in shares of Franklin FTSE Taiwan ETF during the first quarter valued at approximately $233,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Franklin FTSE Taiwan ETF by 297.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,145 shares of the company’s stock valued at $243,000 after acquiring an additional 3,103 shares in the last quarter. Kestra Private Wealth Services LLC bought a new stake in shares of Franklin FTSE Taiwan ETF during the fourth quarter valued at approximately $443,000. Finally, Bank of America Corp DE raised its stake in shares of Franklin FTSE Taiwan ETF by 31.0% during the second quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock valued at $511,000 after acquiring an additional 2,321 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.