Franklin FTSE India ETF (NYSEARCA:FLIN) Reaches New 52-Week Low – Should You Sell?

Franklin FTSE India ETF (NYSEARCA:FLIN) reached a new 52-week low on Wednesday . The stock traded as low as $32.83 and last traded at $32.91, with a volume of 975738 shares changing hands. The stock had previously closed at $33.97.

Franklin FTSE India ETF Stock Performance

The business has a fifty day simple moving average of $36.64 and a 200-day simple moving average of $37.83. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 22.46 and a beta of 0.46.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its position in Franklin FTSE India ETF by 23.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 9,597 shares of the company’s stock worth $370,000 after buying an additional 1,809 shares during the period. Vident Advisory LLC increased its position in Franklin FTSE India ETF by 14.6% in the 4th quarter. Vident Advisory LLC now owns 115,799 shares of the company’s stock valued at $4,469,000 after acquiring an additional 14,717 shares during the period. NewEdge Advisors LLC bought a new position in shares of Franklin FTSE India ETF during the fourth quarter valued at $353,000. Quadrature Capital Ltd bought a new position in shares of Franklin FTSE India ETF during the fourth quarter valued at $817,000. Finally, IHT Wealth Management LLC lifted its holdings in shares of Franklin FTSE India ETF by 2.2% during the fourth quarter. IHT Wealth Management LLC now owns 89,000 shares of the company’s stock worth $3,435,000 after purchasing an additional 1,924 shares during the period.

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.