Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Large Volume Increase – What’s Next?

Shares of Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw unusually-high trading volume on Wednesday . Approximately 599,314 shares were traded during 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 Trading Down 0.6%

The stock has a market capitalization of $2.77 billion, a P/E ratio of 17.84 and a beta of 1.08. The stock’s fifty day moving average price is $81.06 and its two-hundred day moving average price is $70.37.

Institutional Trading of Franklin FTSE Taiwan ETF

Several hedge funds have recently added to or reduced their stakes in FLTW. Royal Bank of Canada grew its stake in shares of Franklin FTSE Taiwan ETF by 119.4% during the first quarter. Royal Bank of Canada now owns 16,339 shares of the company’s stock valued at $707,000 after buying an additional 8,891 shares during the last quarter. Jane Street Group LLC boosted its holdings in Franklin FTSE Taiwan ETF by 788.1% during the 1st quarter. Jane Street Group LLC now owns 159,012 shares of the company’s stock valued at $6,874,000 after acquiring an additional 141,107 shares during the period. JPMorgan Chase & Co. boosted its holdings in Franklin FTSE Taiwan ETF by 101.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 69,467 shares of the company’s stock valued at $3,626,000 after acquiring an additional 34,905 shares during the period. Bank of Nova Scotia grew its position in Franklin FTSE Taiwan ETF by 35.6% during the 2nd quarter. Bank of Nova Scotia now owns 34,030 shares of the company’s stock worth $1,776,000 after acquiring an additional 8,940 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Franklin FTSE Taiwan ETF by 323.4% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 173,898 shares of the company’s stock worth $9,076,000 after acquiring an additional 132,829 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.