Franklin Resources Inc. Sells 38,865 Shares of Franklin FTSE India ETF $FLIN

Franklin Resources Inc. lessened its holdings in Franklin FTSE India ETF (NYSEARCA:FLIN) by 14.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 228,200 shares of the company’s stock after selling 38,865 shares during the quarter. Franklin Resources Inc.’s holdings in Franklin FTSE India ETF were worth $9,089,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its position in shares of Franklin FTSE India ETF by 3.3% during the 1st quarter. Cetera Investment Advisers now owns 84,241 shares of the company’s stock worth $3,103,000 after purchasing an additional 2,667 shares in the last quarter. Raymond James Financial Inc. boosted its position in Franklin FTSE India ETF by 23.5% in the first quarter. Raymond James Financial Inc. now owns 286,578 shares of the company’s stock valued at $10,558,000 after buying an additional 54,544 shares in the last quarter. Advisors Capital Management LLC grew its stake in Franklin FTSE India ETF by 35.9% during the second quarter. Advisors Capital Management LLC now owns 50,176 shares of the company’s stock worth $1,999,000 after buying an additional 13,247 shares during the last quarter. Accordant Advisory Group Inc acquired a new stake in shares of Franklin FTSE India ETF during the second quarter worth approximately $2,884,000. Finally, C WorldWide Group Holding A S bought a new position in shares of Franklin FTSE India ETF in the second quarter valued at approximately $1,576,000.

Franklin FTSE India ETF Price Performance

Shares of FLIN opened at $39.20 on Friday. The company has a market capitalization of $2.61 billion, a P/E ratio of 22.46 and a beta of 0.46. Franklin FTSE India ETF has a one year low of $33.86 and a one year high of $40.08. The business’s 50 day simple moving average is $38.56 and its 200-day simple moving average is $38.63.

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.