Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sets New 52-Week High – Still a Buy?

Shares of Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) hit a new 52-week high on Thursday . The company traded as high as $102.56 and last traded at $101.32, with a volume of 1464876 shares changing hands. The stock had previously closed at $100.27.

Franklin FTSE Taiwan ETF Stock Performance

The stock has a 50 day moving average of $81.68 and a two-hundred day moving average of $70.58. The firm has a market capitalization of $2.76 billion, a P/E ratio of 17.84 and a beta of 1.08.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FLTW. Royal Bank of Canada increased its position in Franklin FTSE Taiwan ETF by 119.4% in the 1st quarter. Royal Bank of Canada now owns 16,339 shares of the company’s stock worth $707,000 after buying an additional 8,891 shares during the period. Jane Street Group LLC increased its position 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 buying an additional 141,107 shares during the period. JPMorgan Chase & Co. increased its position in Franklin FTSE Taiwan ETF by 101.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 69,467 shares of the company’s stock worth $3,626,000 after buying an additional 34,905 shares during the period. Bank of Nova Scotia increased its position in Franklin FTSE Taiwan ETF by 35.6% in the 2nd quarter. Bank of Nova Scotia now owns 34,030 shares of the company’s stock worth $1,776,000 after buying an additional 8,940 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Franklin FTSE Taiwan ETF by 323.4% in 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 buying an additional 132,829 shares during the period.

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.