Franklin FTSE India ETF (NYSEARCA:FLIN – Get Free Report) shares saw strong trading volume on Friday . 2,177,766 shares traded hands during mid-day trading, an increase of 139% from the previous session’s volume of 911,537 shares.The stock last traded at $35.44 and had previously closed at $35.29.
Franklin FTSE India ETF Trading Up 0.3%
The company has a 50 day moving average of $34.96 and a 200 day moving average of $35.90. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 22.46 and a beta of 0.47.
Institutional Investors Weigh In On Franklin FTSE India ETF
Hedge funds have recently modified their holdings of the business. Morgan Stanley grew its position in shares of Franklin FTSE India ETF by 2.4% in the 4th quarter. Morgan Stanley now owns 1,491,503 shares of the company’s stock valued at $57,557,000 after purchasing an additional 35,311 shares during the period. OLD National Bancorp IN raised its holdings in Franklin FTSE India ETF by 13.4% during the 1st quarter. OLD National Bancorp IN now owns 847,863 shares of the company’s stock worth $28,166,000 after buying an additional 100,216 shares during the period. 3EDGE Asset Management LP acquired a new stake in Franklin FTSE India ETF during the 4th quarter worth approximately $29,642,000. Bank of America Corp DE lifted its stake in Franklin FTSE India ETF by 121.4% in the first quarter. Bank of America Corp DE now owns 430,376 shares of the company’s stock valued at $14,297,000 after buying an additional 235,968 shares in the last quarter. Finally, Axis Capital Holdings Ltd. bought a new position in Franklin FTSE India ETF in the fourth quarter valued at approximately $14,617,000.
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.
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