Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Unusually-High Trading Volume – Here’s Why

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw an uptick in trading volume on Tuesday . Approximately 853,836 shares traded hands during trading, an increase of 72% from the previous session’s volume of 496,571 shares.The stock last traded at $97.29 and had previously closed at $92.96.

Franklin FTSE Taiwan ETF Trading Down 0.5%

The company has a 50-day simple moving average of $99.58 and a 200 day simple moving average of $83.76. The company has a market cap of $2.79 billion, a P/E ratio of 17.84 and a beta of 1.12.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FLTW. Royal Bank of Canada lifted its holdings in Franklin FTSE Taiwan ETF by 119.4% during the 1st 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 in the last quarter. Jane Street Group LLC grew its stake in Franklin FTSE Taiwan ETF by 788.1% in the 1st quarter. Jane Street Group LLC now owns 159,012 shares of the company’s stock worth $6,874,000 after acquiring an additional 141,107 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Franklin FTSE Taiwan ETF by 101.0% during the second quarter. JPMorgan Chase & Co. now owns 69,467 shares of the company’s stock worth $3,626,000 after acquiring an additional 34,905 shares during the period. Bank of Nova Scotia increased its position in shares of Franklin FTSE Taiwan ETF by 35.6% during the second 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 period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Franklin FTSE Taiwan ETF by 323.4% during the second 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 acquiring an additional 132,829 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.