Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Large Volume Increase

Franklin FTSE India ETF (NYSEARCA:FLIN) saw an uptick in trading volume on Tuesday . 258,750 shares were traded during mid-day trading, a decline of 12% from the previous session’s volume of 295,542 shares.The stock last traded at $42.18 and had previously closed at $42.42.

Franklin FTSE India ETF Price Performance

The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 27.54 and a beta of 0.52. The business’s 50 day moving average price is $40.77 and its 200-day moving average price is $39.03.

Institutional Investors Weigh In On Franklin FTSE India ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. acquired a new stake in Franklin FTSE India ETF in the fourth quarter valued at $343,000. UBS Group AG grew its position in shares of Franklin FTSE India ETF by 0.5% in the fourth quarter. UBS Group AG now owns 264,389 shares of the company’s stock valued at $9,222,000 after purchasing an additional 1,303 shares during the last quarter. Avestar Capital LLC purchased a new position in shares of Franklin FTSE India ETF during the 4th quarter worth approximately $200,000. Basso Capital Management L.P. purchased a new stake in Franklin FTSE India ETF in the 4th quarter valued at approximately $523,000. Finally, RFG Holdings Inc. purchased a new position in Franklin FTSE India ETF during the first quarter worth $2,591,000.

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.