Franklin FTSE India ETF (NYSEARCA:FLIN) Sets New 52-Week Low – Here’s Why

Franklin FTSE India ETF (NYSEARCA:FLIN) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $33.87 and last traded at $34.26, with a volume of 337561 shares. The stock had previously closed at $34.53.

Franklin FTSE India ETF Trading Up 2.6 %

The company has a market capitalization of $1.62 billion, a PE ratio of 22.67 and a beta of 0.75. The business has a fifty day moving average of $36.40 and a 200 day moving average of $38.86.

Institutional Trading of Franklin FTSE India ETF

Several hedge funds have recently modified their holdings of the stock. Menora Mivtachim Holdings LTD. grew its holdings in Franklin FTSE India ETF by 7.2% during the 4th quarter. Menora Mivtachim Holdings LTD. now owns 11,161,486 shares of the company’s stock worth $423,020,000 after acquiring an additional 750,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Franklin FTSE India ETF by 45.3% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,795,490 shares of the company’s stock worth $68,041,000 after purchasing an additional 560,000 shares during the last quarter. Ativo Capital Management LLC acquired a new position in shares of Franklin FTSE India ETF during the third quarter worth $17,377,000. Raymond James Financial Inc. purchased a new position in Franklin FTSE India ETF in the fourth quarter valued at $8,794,000. Finally, Principal Financial Group Inc. raised its stake in Franklin FTSE India ETF by 91.2% in the fourth quarter. Principal Financial Group Inc. now owns 407,396 shares of the company’s stock valued at $15,440,000 after buying an additional 194,345 shares in 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.