Kovack Advisors Inc. Makes New Investment in Franklin FTSE India ETF (NYSEARCA:FLIN)

Kovack Advisors Inc. acquired a new position in shares of Franklin FTSE India ETF (NYSEARCA:FLIN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,705 shares of the company’s stock, valued at approximately $557,000. Kovack Advisors Inc. owned approximately 0.05% of Franklin FTSE India ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in Franklin FTSE India ETF during the 4th quarter worth approximately $62,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Franklin FTSE India ETF by 172.7% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,500 shares of the company’s stock valued at $171,000 after acquiring an additional 2,850 shares in the last quarter. 1834 Investment Advisors Co. bought a new position in shares of Franklin FTSE India ETF in the third quarter valued at approximately $226,000. International Assets Investment Management LLC bought a new position in shares of Franklin FTSE India ETF in the fourth quarter valued at approximately $217,000. Finally, Atomi Financial Group Inc. bought a new position in shares of Franklin FTSE India ETF in the fourth quarter valued at approximately $234,000.

Franklin FTSE India ETF Stock Down 0.8 %

FLIN stock opened at $34.27 on Friday. The firm has a market cap of $944.14 million, a PE ratio of 27.54 and a beta of 0.52. The business has a 50 day moving average of $36.66 and a 200-day moving average of $39.00. Franklin FTSE India ETF has a 12-month low of $33.87 and a 12-month 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.