Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Share Price Breaks Below Two Hundred Day Moving Average – Here’s Why

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $90.51 and traded as low as $81.85. Franklin FTSE Taiwan ETF shares last traded at $82.05, with a volume of 586,973 shares traded.

Franklin FTSE Taiwan ETF Stock Performance

The company has a market cap of $3.99 billion, a PE ratio of 17.84 and a beta of 1.18. The firm’s 50 day moving average is $104.99 and its 200-day moving average is $90.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. increased its holdings in shares of Franklin FTSE Taiwan ETF by 0.9% in the third quarter. TD Waterhouse Canada Inc. now owns 47,839 shares of the company’s stock valued at $5,232,000 after purchasing an additional 407 shares during the last quarter. Bank of Nova Scotia boosted its stake in Franklin FTSE Taiwan ETF by 1.9% during the first quarter. Bank of Nova Scotia now owns 59,030 shares of the company’s stock worth $4,021,000 after buying an additional 1,100 shares during the last quarter. Csenge Advisory Group acquired a new position in Franklin FTSE Taiwan ETF during the third quarter worth $269,000. Focus Financial Network Inc. acquired a new position in Franklin FTSE Taiwan ETF during the second quarter worth $280,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Franklin FTSE Taiwan ETF in the 3rd quarter valued at $325,000.

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.