Franklin FTSE India ETF (NYSEARCA:FLIN) Trading Down 1.2% – What’s Next?

Franklin FTSE India ETF (NYSEARCA:FLIN) shares traded down 1.2% during mid-day trading on Tuesday . The stock traded as low as $35.54 and last traded at $35.58. 258,208 shares were traded during trading, a decline of 76% from the average session volume of 1,071,997 shares. The stock had previously closed at $36.03.

Franklin FTSE India ETF Trading Down 1.2%

The firm has a 50 day moving average of $35.40 and a 200-day moving average of $37.33. The company has a market cap of $2.58 billion, a P/E ratio of 22.46 and a beta of 0.45.

Hedge Funds Weigh In On Franklin FTSE India ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FLIN. 3EDGE Asset Management LP bought a new position in shares of Franklin FTSE India ETF during the fourth quarter worth $29,642,000. Axis Capital Holdings Ltd. bought a new position in shares of Franklin FTSE India ETF during the fourth quarter worth $14,617,000. Susquehanna International Group LLP bought a new position in shares of Franklin FTSE India ETF during the third quarter worth $10,489,000. Goldman Sachs Group Inc. bought a new stake in shares of Franklin FTSE India ETF in the first quarter worth about $9,348,000. Finally, Principal Financial Group Inc. increased its holdings in shares of Franklin FTSE India ETF by 30.7% in the third quarter. Principal Financial Group Inc. now owns 898,218 shares of the company’s stock worth $33,495,000 after purchasing an additional 210,899 shares during the last quarter.

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.