Franklin FTSE India ETF (NYSEARCA:FLIN) Shares Down 1.2% – What’s Next?
by Tristan Rich · The Markets DailyFranklin FTSE India ETF (NYSEARCA:FLIN – Get Free Report) shares fell 1.2% during trading on Tuesday . The stock traded as low as $35.54 and last traded at $35.58. 258,208 shares changed hands during trading, a decline of 76% from the average session volume of 1,071,997 shares. The stock had previously closed at $36.03.
Franklin FTSE India ETF Stock Performance
The business has a 50-day simple moving average of $35.30 and a two-hundred day simple moving average of $37.30. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 22.46 and a beta of 0.45.
Institutional Investors Weigh In On Franklin FTSE India ETF
Hedge funds have recently modified their holdings of the stock. Advocate Investing Services LLC acquired a new stake in shares of Franklin FTSE India ETF in the 4th quarter valued at approximately $25,000. Eagle Bay Advisors LLC purchased a new position in Franklin FTSE India ETF in the fourth quarter worth $26,000. Ankerstar Wealth LLC acquired a new stake in Franklin FTSE India ETF in the fourth quarter valued at $31,000. Dunhill Financial LLC acquired a new stake in Franklin FTSE India ETF in the fourth quarter valued at $34,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of Franklin FTSE India ETF during the 4th quarter worth $36,000.
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.