Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Stock Price Down 1.6% – Here’s What Happened

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW)’s stock price fell 1.6% during mid-day trading on Wednesday . The stock traded as low as $45.29 and last traded at $45.39. 60,949 shares changed hands during trading, a decline of 32% from the average session volume of 89,854 shares. The stock had previously closed at $46.14.

Franklin FTSE Taiwan ETF Price Performance

The stock has a 50-day moving average price of $46.91 and a 200-day moving average price of $47.82. The company has a market capitalization of $270.88 million, a P/E ratio of 17.91 and a beta of 0.87.

Hedge Funds Weigh In On Franklin FTSE Taiwan ETF

A number of hedge funds have recently bought and sold shares of FLTW. Principal Financial Group Inc. bought a new position in shares of Franklin FTSE Taiwan ETF during the 3rd quarter worth approximately $35,010,000. Jane Street Group LLC boosted its stake in Franklin FTSE Taiwan ETF by 3,946.2% during the third quarter. Jane Street Group LLC now owns 298,003 shares of the company’s stock worth $14,373,000 after acquiring an additional 290,638 shares in the last quarter. Bank of Montreal Can bought a new position in Franklin FTSE Taiwan ETF during the third quarter worth $4,150,000. Flow Traders U.S. LLC acquired a new stake in Franklin FTSE Taiwan ETF in the third quarter worth $3,892,000. Finally, Bank of America Corp DE increased its stake in Franklin FTSE Taiwan ETF by 1,421.0% in the fourth quarter. Bank of America Corp DE now owns 48,915 shares of the company’s stock valued at $2,314,000 after purchasing an additional 45,699 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.