Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Trading Down 3%

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) shares traded down 3% during mid-day trading on Friday . The stock traded as low as $44.42 and last traded at $45.03. 142,533 shares were traded during mid-day trading, an increase of 256% from the average session volume of 40,029 shares. The stock had previously closed at $46.43.

Franklin FTSE Taiwan ETF Price Performance

The stock has a market capitalization of $229.65 million, a PE ratio of 15.14 and a beta of 1.00. The stock’s fifty day moving average is $47.88 and its 200-day moving average is $44.41.

Institutional Investors Weigh In On Franklin FTSE Taiwan ETF

A hedge fund recently raised its stake in Franklin FTSE Taiwan ETF stock. Boltwood Capital Management increased its holdings in shares of Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) by 36.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,200 shares of the company’s stock after buying an additional 2,450 shares during the period. Boltwood Capital Management owned about 0.18% of Franklin FTSE Taiwan ETF worth $447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.