Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Trading Down 1.6% – Time to Sell?

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) shares traded down 1.6% on Wednesday . The company 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 Stock Down 1.6 %

The company has a market cap of $281.42 million, a PE ratio of 17.91 and a beta of 0.87. The firm’s 50-day moving average is $47.03 and its 200-day moving average is $47.85.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Main Management LLC raised its stake in Franklin FTSE Taiwan ETF by 101.0% during the third quarter. Main Management LLC now owns 633 shares of the company’s stock valued at $31,000 after buying an additional 318 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Franklin FTSE Taiwan ETF in the 4th quarter worth $260,000. Walleye Capital LLC bought a new stake in shares of Franklin FTSE Taiwan ETF in the 3rd quarter worth $316,000. Vident Advisory LLC purchased a new position in shares of Franklin FTSE Taiwan ETF in the fourth quarter worth $344,000. Finally, Boltwood Capital Management lifted its holdings 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 valued at $549,000 after purchasing an additional 1,350 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.