Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of Franklin FTSE India ETF (NYSEARCA:FLIN – Free Report) by 9.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,801 shares of the company’s stock after selling 8,199 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.13% of Franklin FTSE India ETF worth $3,178,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in FLIN. Goldman Sachs Group Inc. purchased a new stake in Franklin FTSE India ETF during the first quarter worth about $9,348,000. Family Investment Center Inc. raised its position in Franklin FTSE India ETF by 718.0% during the first quarter. Family Investment Center Inc. now owns 273,641 shares of the company’s stock worth $10,081,000 after acquiring an additional 240,188 shares during the last quarter. Empowered Funds LLC acquired a new position in Franklin FTSE India ETF during the first quarter worth about $5,386,000. Kovitz Investment Group Partners LLC acquired a new position in Franklin FTSE India ETF during the first quarter worth about $5,285,000. Finally, Principal Financial Group Inc. raised its position in Franklin FTSE India ETF by 30.4% during the first quarter. Principal Financial Group Inc. now owns 531,220 shares of the company’s stock worth $19,570,000 after acquiring an additional 123,824 shares during the last quarter.
Franklin FTSE India ETF Trading Up 0.2%
Shares of FLIN opened at $37.89 on Wednesday. The stock has a market cap of $2.46 billion, a P/E ratio of 22.46 and a beta of 0.67. The company has a 50-day moving average of $37.88 and a two-hundred day moving average of $38.18. Franklin FTSE India ETF has a 12-month low of $33.86 and a 12-month high of $41.10.
Franklin FTSE India ETF 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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