Franklin FTSE India ETF (NYSEARCA:FLIN) Shares Break Above 50 Day Moving Average – Here’s What Happened

Franklin FTSE India ETF (NYSEARCA:FLIN – Get Free Report) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $34.34 and traded as high as $34.70. Franklin FTSE India ETF shares last traded at $34.62, with a volume of 170,069 shares traded.

Franklin FTSE India ETF Price Performance

The stock’s 50-day moving average price is $34.34 and its 200-day moving average price is $35.23. The company has a market cap of $2.58 billion, a P/E ratio of 22.46 and a beta of 0.48.

Institutional Trading of Franklin FTSE India ETF

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its position in Franklin FTSE India ETF by 19.4% during the first quarter. Royal Bank of Canada now owns 136,116 shares of the company’s stock worth $4,522,000 after buying an additional 22,146 shares in the last quarter. Tidal Investments LLC bought a new position in Franklin FTSE India ETF during the 2nd quarter worth $3,095,000. Bank of America Corp DE increased its stake in Franklin FTSE India ETF by 121.4% during the 1st quarter. Bank of America Corp DE now owns 430,376 shares of the company’s stock worth $14,297,000 after acquiring an additional 235,968 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Franklin FTSE India ETF by 30.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 62,275 shares of the company’s stock valued at $2,097,000 after acquiring an additional 14,499 shares in the last quarter. Finally, Juncture Wealth Strategies LLC acquired a new position in Franklin FTSE India ETF in the 3rd quarter valued at $3,863,000.

About Franklin FTSE India ETF

(Get Free Report)

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.

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