Marotta Asset Management Has $2.68 Million Stock Holdings in Franklin FTSE Taiwan ETF (NYSEARCA:FLTW)

Marotta Asset Management lowered its stake in shares of Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) by 2.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 57,290 shares of the company’s stock after selling 1,485 shares during the period. Marotta Asset Management’s holdings in Franklin FTSE Taiwan ETF were worth $2,681,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Main Management LLC increased its position in Franklin FTSE Taiwan ETF by 101.0% in the 3rd quarter. Main Management LLC now owns 633 shares of the company’s stock worth $31,000 after purchasing an additional 318 shares during the last quarter. Main Management ETF Advisors LLC lifted its stake in shares of Franklin FTSE Taiwan ETF by 18.5% in the 3rd quarter. Main Management ETF Advisors LLC now owns 229,245 shares of the company’s stock valued at $11,056,000 after purchasing an additional 35,735 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Franklin FTSE Taiwan ETF in the third quarter worth $35,010,000. Boltwood Capital Management boosted its holdings in Franklin FTSE Taiwan ETF by 11.4% in the third quarter. Boltwood Capital Management now owns 10,250 shares of the company’s stock worth $494,000 after purchasing an additional 1,050 shares in the last quarter. Finally, CX Institutional bought a new position in Franklin FTSE Taiwan ETF during the third quarter valued at about $4,170,000.

Franklin FTSE Taiwan ETF Stock Down 2.8 %

Shares of NYSEARCA:FLTW traded down $1.33 during trading on Friday, reaching $46.68. The stock had a trading volume of 57,258 shares, compared to its average volume of 127,994. The stock has a fifty day simple moving average of $48.36 and a two-hundred day simple moving average of $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 52 week low of $37.82 and a 52 week high of $51.92.

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.