Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Shares Down 0.4% – Here’s What Happened

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) shares were down 0.4% during mid-day trading on Friday . The stock traded as low as $48.07 and last traded at $48.17. Approximately 15,669 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 77,458 shares. The stock had previously closed at $48.37.

Franklin FTSE Taiwan ETF Stock Performance

The company has a market cap of $245.67 million, a price-to-earnings ratio of 15.14 and a beta of 1.00. The company has a 50-day simple moving average of $47.65 and a 200-day simple moving average of $47.98.

Institutional Investors Weigh In On Franklin FTSE Taiwan ETF

Several institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. purchased a new stake in shares of Franklin FTSE Taiwan ETF in the 3rd quarter worth about $35,010,000. Bank of Montreal Can purchased a new stake in shares of Franklin FTSE Taiwan ETF in the third quarter valued at about $4,150,000. Walleye Capital LLC purchased a new stake in shares of Franklin FTSE Taiwan ETF in the third quarter valued at about $316,000. Flow Traders U.S. LLC acquired a new stake in shares of Franklin FTSE Taiwan ETF in the third quarter valued at approximately $3,892,000. Finally, Jane Street Group LLC increased its stake in shares of Franklin FTSE Taiwan ETF by 3,946.2% during the 3rd quarter. Jane Street Group LLC now owns 298,003 shares of the company’s stock worth $14,373,000 after purchasing an additional 290,638 shares in the last 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.