Park Place Capital Corp Makes New Investment in Franklin FTSE India ETF (NYSEARCA:FLIN)

Park Place Capital Corp purchased a new position in shares of Franklin FTSE India ETF (NYSEARCA:FLIN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 900 shares of the company’s stock, valued at approximately $36,000.

Several other hedge funds have also recently added to or reduced their stakes in FLIN. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Franklin FTSE India ETF during the fourth quarter worth about $97,193,000. Jane Street Group LLC increased its holdings in shares of Franklin FTSE India ETF by 3,934.5% in the first quarter. Jane Street Group LLC now owns 1,277,407 shares of the company’s stock worth $47,072,000 after buying an additional 1,245,745 shares during the period. OLD Second National Bank of Aurora purchased a new position in shares of Franklin FTSE India ETF in the first quarter worth about $7,145,000. Raymond James & Associates purchased a new position in shares of Franklin FTSE India ETF in the fourth quarter worth about $4,781,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Franklin FTSE India ETF in the fourth quarter worth about $4,003,000.

Franklin FTSE India ETF Price Performance

NYSEARCA:FLIN traded down $0.39 during mid-day trading on Friday, reaching $40.36. 239,814 shares of the company’s stock traded hands, compared to its average volume of 287,715. Franklin FTSE India ETF has a 12-month low of $30.41 and a 12-month high of $41.25. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 27.54 and a beta of 0.52. The company has a 50 day moving average price of $39.84 and a 200-day moving average price of $37.85.

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.