Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Shares Break Below 200-Day Moving Average – Should You Sell?

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred 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.

Franklin FTSE Taiwan ETF Stock Down 11.7%

The company’s 50-day moving average is $105.37 and its two-hundred day moving average is $90.51. The company has a market cap of $3.85 billion, a P/E ratio of 17.84 and a beta of 1.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLTW. Csenge Advisory Group purchased a new stake in Franklin FTSE Taiwan ETF in the third quarter worth $269,000. StoneX Group Inc. bought a new stake in shares of Franklin FTSE Taiwan ETF in the third quarter valued at $6,564,000. Commonwealth Equity Services LLC bought a new stake in shares of Franklin FTSE Taiwan ETF in the third quarter valued at $5,020,000. AIA Group Ltd purchased a new position in shares of Franklin FTSE Taiwan ETF during the 3rd quarter valued at $2,970,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Franklin FTSE Taiwan ETF during the 3rd quarter valued at $3,193,000.

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.