Bank of America Corp DE Increases Stock Position in Franklin FTSE India ETF $FLIN

Bank of America Corp DE increased its holdings in Franklin FTSE India ETF (NYSEARCA:FLIN) by 121.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 430,376 shares of the company’s stock after purchasing an additional 235,968 shares during the period. Bank of America Corp DE’s holdings in Franklin FTSE India ETF were worth $14,297,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Morgan Stanley grew its stake in Franklin FTSE India ETF by 2.4% during the fourth quarter. Morgan Stanley now owns 1,491,503 shares of the company’s stock valued at $57,557,000 after acquiring an additional 35,311 shares in the last quarter. OLD National Bancorp IN grew its position in Franklin FTSE India ETF by 13.4% during the first quarter. OLD National Bancorp IN now owns 847,863 shares of the company’s stock worth $28,166,000 after buying an additional 100,216 shares in the last quarter. 3EDGE Asset Management LP purchased a new position in Franklin FTSE India ETF during the fourth quarter worth about $29,642,000. Axis Capital Holdings Ltd. bought a new position in Franklin FTSE India ETF in the 4th quarter worth about $14,617,000. Finally, OLD Second National Bank of Aurora increased its stake in Franklin FTSE India ETF by 0.3% in the 1st quarter. OLD Second National Bank of Aurora now owns 323,982 shares of the company’s stock worth $10,763,000 after acquiring an additional 955 shares during the last quarter.

Franklin FTSE India ETF Stock Up 0.1%

NYSEARCA:FLIN opened at $35.68 on Friday. The business’s 50-day moving average price is $35.47 and its two-hundred day moving average price is $35.39. Franklin FTSE India ETF has a twelve month low of $32.20 and a twelve month high of $39.85. The stock has a market cap of $2.65 billion, a P/E ratio of 22.46 and a beta of 0.47.

Franklin FTSE India ETF 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.