Franklin FTSE India ETF (NYSEARCA:FLIN) Hits New 1-Year Low – Here’s Why

Franklin FTSE India ETF (NYSEARCA:FLINGet Free Report)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $35.52 and last traded at $35.55, with a volume of 26711 shares traded. The stock had previously closed at $35.86.

Franklin FTSE India ETF Trading Down 0.7 %

The firm has a market cap of $980.64 million, a price-to-earnings ratio of 27.54 and a beta of 0.52. The stock’s 50 day moving average is $37.70 and its 200 day moving average is $39.40.

Institutional Investors Weigh In On Franklin FTSE India ETF

A number of large investors have recently bought and sold shares of the company. Atomi Financial Group Inc. acquired a new stake in Franklin FTSE India ETF during the fourth quarter worth approximately $234,000. Principal Financial Group Inc. raised its stake in shares of Franklin FTSE India ETF by 211.9% during the 3rd quarter. Principal Financial Group Inc. now owns 213,051 shares of the company’s stock worth $8,927,000 after purchasing an additional 144,743 shares during the period. Altman Advisors Inc. bought a new position in shares of Franklin FTSE India ETF during the 3rd quarter valued at approximately $2,802,000. Oppenheimer & Co. Inc. raised its stake in Franklin FTSE India ETF by 39.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 10,921 shares of the company’s stock valued at $458,000 after acquiring an additional 3,097 shares during the period. Finally, Creative Planning boosted its holdings in shares of Franklin FTSE India ETF by 7.4% in the third quarter. Creative Planning now owns 19,824 shares of the company’s stock worth $831,000 after acquiring an additional 1,362 shares during the period.

About Franklin FTSE India ETF

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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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