Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sets New 52-Week High – Should You Buy?

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $67.98 and last traded at $67.82, with a volume of 294274 shares changing hands. The stock had previously closed at $67.39.

Franklin FTSE Taiwan ETF Stock Performance

The firm has a market capitalization of $718.89 million, a price-to-earnings ratio of 17.84 and a beta of 0.94. The business has a 50 day simple moving average of $61.48 and a 200-day simple moving average of $58.86.

Institutional Investors Weigh In On Franklin FTSE Taiwan ETF

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its position in shares of Franklin FTSE Taiwan ETF by 132.2% during the 2nd quarter. Jane Street Group LLC now owns 369,257 shares of the company’s stock worth $19,272,000 after acquiring an additional 210,245 shares in the last quarter. JPMorgan Chase & Co. raised its position in Franklin FTSE Taiwan ETF by 261.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 251,060 shares of the company’s stock worth $14,745,000 after buying an additional 181,593 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Franklin FTSE Taiwan ETF by 323.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 173,898 shares of the company’s stock valued at $9,076,000 after purchasing an additional 132,829 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Franklin FTSE Taiwan ETF during the 3rd quarter worth $5,194,000. Finally, Bank of Nova Scotia increased its holdings in Franklin FTSE Taiwan ETF by 52.3% in the third quarter. Bank of Nova Scotia now owns 51,830 shares of the company’s stock valued at $3,044,000 after buying an additional 17,800 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.