Franklin FTSE India ETF (NYSEARCA:FLIN) Hits New 52-Week Low – Time to Sell?

Franklin FTSE India ETF (NYSEARCA:FLIN)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $32.20 and last traded at $32.34, with a volume of 755248 shares. The stock had previously closed at $32.65.

Franklin FTSE India ETF Trading Down 0.9%

The stock has a market capitalization of $2.48 billion, a PE ratio of 22.46 and a beta of 0.46. The business’s 50 day moving average is $36.25 and its 200 day moving average is $37.69.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Investment Management Corp of Ontario raised its holdings in shares of Franklin FTSE India ETF by 220.3% in the second quarter. Investment Management Corp of Ontario now owns 1,563,681 shares of the company’s stock worth $62,281,000 after buying an additional 1,075,500 shares during the period. Morgan Stanley boosted its holdings in Franklin FTSE India ETF by 2.4% during the 4th quarter. Morgan Stanley now owns 1,491,503 shares of the company’s stock valued at $57,557,000 after acquiring an additional 35,311 shares during the period. AGF Management Ltd. boosted its holdings in Franklin FTSE India ETF by 16.9% during the 3rd quarter. AGF Management Ltd. now owns 1,197,347 shares of the company’s stock valued at $44,649,000 after acquiring an additional 172,979 shares during the period. Principal Financial Group Inc. grew its position in Franklin FTSE India ETF by 30.7% in the 3rd quarter. Principal Financial Group Inc. now owns 898,218 shares of the company’s stock valued at $33,495,000 after acquiring an additional 210,899 shares during the last quarter. Finally, 3EDGE Asset Management LP bought a new position in Franklin FTSE India ETF in the 4th quarter valued at $29,642,000.

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.