Franklin FTSE India ETF (NYSEARCA:FLIN) Hits New 52-Week Low – Here’s What Happened

Franklin FTSE India ETF (NYSEARCA:FLIN) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $35.52 and last traded at $35.55, with a volume of 26711 shares trading hands. The stock had previously closed at $35.86.

Franklin FTSE India ETF Stock Down 0.7 %

The stock has a market capitalization of $980.64 million, a P/E ratio of 27.54 and a beta of 0.52. The company has a fifty day moving average price of $37.70 and a 200-day moving average price of $39.40.

Institutional Trading of Franklin FTSE India ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FLIN. Migdal Insurance & Financial Holdings Ltd. boosted its position in Franklin FTSE India ETF by 45.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,795,490 shares of the company’s stock valued at $68,041,000 after buying an additional 560,000 shares during the period. Ativo Capital Management LLC purchased a new position in shares of Franklin FTSE India ETF during the third quarter valued at $17,377,000. Principal Financial Group Inc. raised its holdings in shares of Franklin FTSE India ETF by 91.2% in the fourth quarter. Principal Financial Group Inc. now owns 407,396 shares of the company’s stock valued at $15,440,000 after acquiring an additional 194,345 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Franklin FTSE India ETF by 172.0% in the 3rd quarter. Franklin Resources Inc. now owns 266,515 shares of the company’s stock valued at $10,919,000 after purchasing an additional 168,525 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Franklin FTSE India ETF during the fourth quarter worth $8,794,000.

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.