Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Position Trimmed by Marotta Asset Management

Marotta Asset Management reduced its holdings in Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) by 2.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 57,290 shares of the company’s stock after selling 1,485 shares during the quarter. Marotta Asset Management owned approximately 1.12% of Franklin FTSE Taiwan ETF worth $2,681,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. bought a new position in Franklin FTSE Taiwan ETF in the third quarter worth about $35,010,000. Jane Street Group LLC raised its holdings in shares of 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 valued at $14,373,000 after buying an additional 290,638 shares during the last quarter. CX Institutional acquired a new position in shares of Franklin FTSE Taiwan ETF during the third quarter worth approximately $4,170,000. Bank of Montreal Can acquired a new stake in Franklin FTSE Taiwan ETF in the 3rd quarter valued at approximately $4,150,000. Finally, Flow Traders U.S. LLC bought a new stake in Franklin FTSE Taiwan ETF during the 3rd quarter valued at $3,892,000.

Franklin FTSE Taiwan ETF Price Performance

Shares of FLTW traded down $1.33 during trading hours on Friday, reaching $46.68. 57,258 shares of the company’s stock traded hands, compared to its average volume of 127,994. The business’s fifty day simple moving average is $48.36 and its two-hundred day simple moving average is $48.13. The firm has a market capitalization of $238.07 million, a price-to-earnings ratio of 15.14 and a beta of 1.00. Franklin FTSE Taiwan ETF has a twelve month low of $37.82 and a twelve month high of $51.92.

Franklin FTSE Taiwan ETF Company Profile

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.