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

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

Franklin FTSE Taiwan ETF Trading Down 3.0 %

The company’s 50 day simple moving average is $47.88 and its 200 day simple moving average is $44.41. The stock has a market capitalization of $229.65 million, a PE ratio of 15.14 and a beta of 1.00.

Institutional Investors Weigh In On Franklin FTSE Taiwan ETF

A hedge fund recently bought a new stake in Franklin FTSE Taiwan ETF stock. Boltwood Capital Management purchased a new position in Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,750 shares of the company’s stock, valued at approximately $296,000. Boltwood Capital Management owned about 0.14% of Franklin FTSE Taiwan ETF at the end of the most recent quarter.

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.