Franklin FTSE India ETF (NYSEARCA:FLIN – Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 2,177,766 shares traded hands during trading, an increase of 139% from the previous session’s volume of 911,537 shares.The stock last traded at $35.44 and had previously closed at $35.29.
Franklin FTSE India ETF Stock Performance
The stock has a fifty day simple moving average of $34.95 and a two-hundred day simple moving average of $35.91. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 22.46 and a beta of 0.47.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Focus Financial Network Inc. boosted its stake in shares of Franklin FTSE India ETF by 53.8% in the 2nd quarter. Focus Financial Network Inc. now owns 98,781 shares of the company’s stock valued at $3,514,000 after purchasing an additional 34,544 shares in the last quarter. LifeGoal Investments LLC boosted its position in Franklin FTSE India ETF by 21.8% in the second quarter. LifeGoal Investments LLC now owns 57,360 shares of the company’s stock valued at $2,040,000 after buying an additional 10,250 shares in the last quarter. Boltwood Capital Management acquired a new position in shares of Franklin FTSE India ETF during the second quarter worth $260,000. Bank of America Corp DE raised its position in Franklin FTSE India ETF by 121.4% in the first quarter. Bank of America Corp DE now owns 430,376 shares of the company’s stock valued at $14,297,000 after purchasing an additional 235,968 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Franklin FTSE India ETF by 8.5% in the first quarter. EverSource Wealth Advisors LLC now owns 8,039 shares of the company’s stock valued at $267,000 after buying an additional 631 shares during the period.
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.
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