Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Unusually-High Trading Volume – Should You Buy?

Franklin FTSE India ETF (NYSEARCA:FLIN) saw unusually-high trading volume on Friday . Approximately 667,423 shares were traded during trading, an increase of 99% from the previous session’s volume of 335,429 shares.The stock last traded at $36.88 and had previously closed at $36.28.

Franklin FTSE India ETF Trading Up 1.6 %

The firm has a market cap of $1.70 billion, a PE ratio of 23.47 and a beta of 0.75. The stock’s 50 day moving average price is $35.73 and its 200 day moving average price is $38.41.

Institutional Investors Weigh In On Franklin FTSE India ETF

Hedge funds have recently modified their holdings of the stock. Atomi Financial Group Inc. acquired a new stake in shares of Franklin FTSE India ETF during the fourth quarter valued at about $234,000. Principal Financial Group Inc. grew its stake in Franklin FTSE India ETF by 211.9% during the 3rd quarter. Principal Financial Group Inc. now owns 213,051 shares of the company’s stock valued at $8,927,000 after purchasing an additional 144,743 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Franklin FTSE India ETF by 2,876.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,856 shares of the company’s stock valued at $677,000 after purchasing an additional 17,256 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Franklin FTSE India ETF by 39.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 10,921 shares of the company’s stock worth $458,000 after purchasing an additional 3,097 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Franklin FTSE India ETF by 83.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,743 shares of the company’s stock valued at $660,000 after purchasing an additional 7,182 shares in the last quarter.

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.