Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Unusually-High Trading Volume – Time to Buy?

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw unusually-strong trading volume on Monday . 2,218,855 shares changed hands during mid-day trading, an increase of 359% from the previous session’s volume of 483,533 shares.The stock last traded at $92.73 and had previously closed at $93.67.

Franklin FTSE Taiwan ETF Trading Down 1.3%

The stock has a market capitalization of $2.77 billion, a P/E ratio of 17.84 and a beta of 1.10. The company has a 50-day moving average price of $99.31 and a 200 day moving average price of $80.93.

Hedge Funds Weigh In On Franklin FTSE Taiwan ETF

A number of large investors have recently added to or reduced their stakes in FLTW. BOCHK Asset Management Ltd purchased a new stake in shares of Franklin FTSE Taiwan ETF during the fourth quarter valued at about $86,000. Wealthfront Advisers LLC purchased a new position in shares of Franklin FTSE Taiwan ETF in the 1st quarter worth approximately $233,000. Focus Financial Network Inc. bought a new position in shares of Franklin FTSE Taiwan ETF during the 2nd quarter worth approximately $280,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Franklin FTSE Taiwan ETF by 12.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,662 shares of the company’s stock worth $284,000 after acquiring an additional 517 shares in the last quarter. Finally, Kestra Private Wealth Services LLC bought a new position in shares of Franklin FTSE Taiwan ETF during the 4th quarter worth approximately $443,000.

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.