Principal Financial Group Inc. Buys New Shares in Franklin FTSE Taiwan ETF (NYSEARCA:FLTW)

Principal Financial Group Inc. bought a new position in shares of Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 725,895 shares of the company’s stock, valued at approximately $35,010,000. Principal Financial Group Inc. owned about 14.23% of Franklin FTSE Taiwan ETF at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Boltwood Capital Management grew its stake in shares of Franklin FTSE Taiwan ETF by 11.4% in the third quarter. Boltwood Capital Management now owns 10,250 shares of the company’s stock valued at $494,000 after acquiring an additional 1,050 shares in the last quarter. Main Management ETF Advisors LLC grew its position in shares of Franklin FTSE Taiwan ETF by 1.9% during the 2nd quarter. Main Management ETF Advisors LLC now owns 193,510 shares of the company’s stock worth $9,412,000 after purchasing an additional 3,700 shares in the last quarter. Finally, CX Institutional bought a new position in shares of Franklin FTSE Taiwan ETF during the third quarter worth approximately $4,170,000.

Franklin FTSE Taiwan ETF Price Performance

Franklin FTSE Taiwan ETF stock opened at $49.22 on Tuesday. The firm has a market cap of $251.02 million, a PE ratio of 15.14 and a beta of 1.00. The stock’s fifty day moving average price is $48.38 and its two-hundred day moving average price is $47.40. Franklin FTSE Taiwan ETF has a one year low of $37.52 and a one year high of $51.92.

Franklin FTSE Taiwan ETF 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.