Franklin FTSE India ETF (NYSEARCA:FLIN) Reaches New 12-Month Low – Time to Sell?

Franklin FTSE India ETF (NYSEARCA:FLIN) hit a new 52-week low on Friday . The company traded as low as $34.43 and last traded at $34.43, with a volume of 183638 shares changing hands. The stock had previously closed at $34.63.

Franklin FTSE India ETF Trading Down 1.2%

The company’s 50-day moving average price is $37.26 and its two-hundred day moving average price is $38.01. The company has a market cap of $2.62 billion, a P/E ratio of 22.46 and a beta of 0.46.

Institutional Trading of Franklin FTSE India ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vident Advisory LLC boosted its holdings in Franklin FTSE India ETF by 14.6% during the fourth quarter. Vident Advisory LLC now owns 115,799 shares of the company’s stock worth $4,469,000 after buying an additional 14,717 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of Franklin FTSE India ETF in the fourth quarter valued at $353,000. Quadrature Capital Ltd bought a new position in shares of Franklin FTSE India ETF in the fourth quarter valued at $817,000. IHT Wealth Management LLC lifted its position in shares of Franklin FTSE India ETF by 2.2% during the 4th quarter. IHT Wealth Management LLC now owns 89,000 shares of the company’s stock valued at $3,435,000 after acquiring an additional 1,924 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of Franklin FTSE India ETF during the 4th quarter valued at $201,000.

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.