JPMorgan Chase & Co. Sells 3,334 Shares of Franklin FTSE India ETF (NYSEARCA:FLIN)

JPMorgan Chase & Co. lowered its stake in shares of Franklin FTSE India ETF (NYSEARCA:FLIN) by 21.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,409 shares of the company’s stock after selling 3,334 shares during the quarter. JPMorgan Chase & Co.’s holdings in Franklin FTSE India ETF were worth $470,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FLIN. Shoker Investment Counsel Inc. raised its position in Franklin FTSE India ETF by 0.3% in the 4th quarter. Shoker Investment Counsel Inc. now owns 95,876 shares of the company’s stock valued at $3,634,000 after purchasing an additional 317 shares during the last quarter. Rialto Wealth Management LLC bought a new stake in Franklin FTSE India ETF in the fourth quarter valued at approximately $27,000. HighTower Advisors LLC grew its stake in Franklin FTSE India ETF by 18.5% in the fourth quarter. HighTower Advisors LLC now owns 9,274 shares of the company’s stock valued at $351,000 after acquiring an additional 1,450 shares during the period. Heck Capital Advisors LLC acquired a new stake in Franklin FTSE India ETF during the 4th quarter worth approximately $62,000. Finally, Avantax Advisory Services Inc. boosted its stake in Franklin FTSE India ETF by 6.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 28,719 shares of the company’s stock worth $1,088,000 after purchasing an additional 1,819 shares during the period.

Franklin FTSE India ETF Price Performance

Shares of NYSEARCA:FLIN opened at $38.25 on Friday. The company’s 50-day moving average price is $36.22 and its two-hundred day moving average price is $37.45. The stock has a market capitalization of $1.96 billion, a PE ratio of 23.02 and a beta of 0.53. Franklin FTSE India ETF has a one year low of $33.86 and a one year high of $42.49.

About Franklin FTSE India ETF

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.