Franklin FTSE India ETF (NYSEARCA:FLIN – Get Free Report)’s share price traded up 0.5% during trading on Tuesday. The company traded as high as $33.50 and last traded at $33.40. Approximately 342,091 shares traded hands during trading, a decline of 51% from the average session volume of 700,841 shares. The stock had previously closed at $33.24.
Franklin FTSE India ETF Stock Up 0.5%
The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 22.46 and a beta of 0.48. The business’s 50-day moving average is $34.47 and its 200-day moving average is $35.31.
Institutional Trading of Franklin FTSE India ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLIN. Lynx Investment Advisory grew its position in shares of Franklin FTSE India ETF by 10.3% during the 3rd quarter. Lynx Investment Advisory now owns 28,112 shares of the company’s stock valued at $941,000 after acquiring an additional 2,636 shares during the period. Elmwood Wealth Management Inc. purchased a new position in Franklin FTSE India ETF in the 3rd quarter valued at $369,000. Focus Financial Network Inc. lifted its stake in shares of Franklin FTSE India ETF by 6.4% in the third quarter. Focus Financial Network Inc. now owns 105,141 shares of the company’s stock worth $3,521,000 after buying an additional 6,360 shares in the last quarter. LifeGoal Investments LLC boosted its holdings in shares of Franklin FTSE India ETF by 7.6% during the 3rd quarter. LifeGoal Investments LLC now owns 61,714 shares of the company’s stock worth $2,067,000 after purchasing an additional 4,354 shares during the last quarter. Finally, Juncture Wealth Strategies LLC acquired a new position in Franklin FTSE India ETF during the third quarter worth $3,863,000.
Franklin FTSE India ETF Company Profile
The Franklin FTSE India ETF (FLIN) is an exchange-traded fund that is based on the FTSE India RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Indian securities. FLIN was launched on Feb 6, 2018 and is managed by Franklin Templeton.
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