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

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) fell 1.6% on Wednesday . The stock traded as low as $45.29 and last traded at $45.39. 60,949 shares traded 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 Stock Performance

The company has a market cap of $281.42 million, a PE ratio of 17.91 and a beta of 0.87. The company has a fifty day moving average of $47.03 and a two-hundred day moving average of $47.85.

Institutional Investors Weigh In On Franklin FTSE Taiwan ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Main Management LLC lifted its stake in shares of Franklin FTSE Taiwan ETF by 101.0% during the 3rd quarter. Main Management LLC now owns 633 shares of the company’s stock worth $31,000 after acquiring an additional 318 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Franklin FTSE Taiwan ETF in the 4th quarter valued at $260,000. Walleye Capital LLC purchased a new stake in Franklin FTSE Taiwan ETF in the third quarter worth $316,000. Vident Advisory LLC bought a new stake in shares of Franklin FTSE Taiwan ETF during the fourth quarter worth $344,000. Finally, Boltwood Capital Management lifted its position in shares of Franklin FTSE Taiwan ETF by 13.2% during the fourth quarter. Boltwood Capital Management now owns 11,600 shares of the company’s stock worth $549,000 after purchasing an additional 1,350 shares during 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.