Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Reaches New 52-Week High – What’s Next?

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW)’s share price reached a new 52-week high on Monday . The company traded as high as $110.56 and last traded at $110.6780, with a volume of 20723 shares trading hands. The stock had previously closed at $107.48.

Franklin FTSE Taiwan ETF Trading Up 3.3%

The firm has a market cap of $3.16 billion, a PE ratio of 17.84 and a beta of 1.13. The business has a fifty day moving average price of $100.23 and a 200 day moving average price of $91.50.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Wealthfront Advisers LLC acquired a new position in Franklin FTSE Taiwan ETF during the first quarter worth approximately $233,000. Focus Financial Network Inc. acquired a new stake in shares of Franklin FTSE Taiwan ETF in the second quarter valued at approximately $280,000. Citadel Advisors LLC acquired a new stake in shares of Franklin FTSE Taiwan ETF in the second quarter valued at approximately $369,000. Kestra Private Wealth Services LLC grew its position in shares of Franklin FTSE Taiwan ETF by 1.8% during the first quarter. Kestra Private Wealth Services LLC now owns 7,406 shares of the company’s stock worth $504,000 after acquiring an additional 131 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Franklin FTSE Taiwan ETF by 64.6% during the first quarter. EverSource Wealth Advisors LLC now owns 9,030 shares of the company’s stock worth $615,000 after acquiring an additional 3,544 shares during 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.