Franklin FTSE India ETF (NYSEARCA:FLIN) Reaches New 12-Month Low – What’s Next?

Franklin FTSE India ETF (NYSEARCA:FLIN)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $35.32 and last traded at $35.38, with a volume of 1193 shares changing hands. The stock had previously closed at $35.38.

Franklin FTSE India ETF Trading Up 0.4 %

The stock has a fifty day moving average of $37.18 and a two-hundred day moving average of $39.19. The company has a market capitalization of $982.98 million, a PE ratio of 27.54 and a beta of 0.52.

Institutional Trading of Franklin FTSE India ETF

Institutional investors have recently bought and sold shares of the company. Shoker Investment Counsel Inc. lifted its stake in Franklin FTSE India ETF by 0.3% in the 4th quarter. Shoker Investment Counsel Inc. now owns 95,876 shares of the company’s stock valued at $3,634,000 after buying an additional 317 shares in the last quarter. Huntington National Bank boosted its stake in shares of Franklin FTSE India ETF by 9.3% during the fourth quarter. Huntington National Bank now owns 7,150 shares of the company’s stock valued at $271,000 after acquiring an additional 607 shares during the last quarter. Rialto Wealth Management LLC purchased a new stake in Franklin FTSE India ETF during the 4th quarter worth about $27,000. Private Advisor Group LLC raised its stake in Franklin FTSE India ETF by 0.7% in the 3rd quarter. Private Advisor Group LLC now owns 98,952 shares of the company’s stock valued at $4,146,000 after purchasing an additional 707 shares during the last quarter. Finally, Integrity Financial Corp WA acquired a new position in Franklin FTSE India ETF in the 4th quarter valued at about $30,000.

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.