Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Reaches New 52-Week High – Should You Buy?

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $110.56 and last traded at $110.6780, with a volume of 20723 shares traded. The stock had previously closed at $107.48.

Franklin FTSE Taiwan ETF Stock Down 0.1%

The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 17.84 and a beta of 1.13. The business has a 50-day moving average of $100.74 and a 200-day moving average of $92.10.

Institutional Investors Weigh In On Franklin FTSE Taiwan ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FLTW. Kestra Private Wealth Services LLC boosted its position in Franklin FTSE Taiwan ETF by 1.8% during the first quarter. Kestra Private Wealth Services LLC now owns 7,406 shares of the company’s stock worth $504,000 after purchasing an additional 131 shares during the period. Bank of Nova Scotia raised its position in shares of Franklin FTSE Taiwan ETF by 1.9% in the first quarter. Bank of Nova Scotia now owns 59,030 shares of the company’s stock valued at $4,021,000 after purchasing an additional 1,100 shares during the period. Focus Financial Network Inc. bought a new position in shares of Franklin FTSE Taiwan ETF in the second quarter valued at approximately $280,000. Wealthfront Advisers LLC acquired a new stake in shares of Franklin FTSE Taiwan ETF in the first quarter worth $233,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Franklin FTSE Taiwan ETF in the second quarter worth $369,000.

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.