Principal Financial Group Inc. Purchases Shares of 725,895 Franklin FTSE Taiwan ETF (NYSEARCA:FLTW)

Principal Financial Group Inc. acquired a new position in shares of Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 725,895 shares of the company’s stock, valued at approximately $35,010,000. Principal Financial Group Inc. owned about 0.14% of Franklin FTSE Taiwan ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FLTW. Boltwood Capital Management increased its stake in shares of Franklin FTSE Taiwan ETF by 36.3% in the 2nd quarter. Boltwood Capital Management now owns 9,200 shares of the company’s stock valued at $447,000 after acquiring an additional 2,450 shares in the last quarter. CX Institutional acquired a new stake in Franklin FTSE Taiwan ETF in the third quarter valued at approximately $4,170,000. Finally, Main Management ETF Advisors LLC grew its position in Franklin FTSE Taiwan ETF by 1.9% in the 2nd quarter. Main Management ETF Advisors LLC now owns 193,510 shares of the company’s stock valued at $9,412,000 after purchasing an additional 3,700 shares during the period.

Franklin FTSE Taiwan ETF Trading Down 2.0 %

FLTW opened at $49.22 on Tuesday. The company’s fifty day moving average price is $48.38 and its two-hundred day moving average price is $47.40. The company has a market cap of $251.02 million, a price-to-earnings ratio of 15.14 and a beta of 1.00. Franklin FTSE Taiwan ETF has a 1-year low of $37.52 and a 1-year high of $51.92.

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.