J.Safra Asset Management Corp bought a new stake in Franklin FTSE India ETF (NYSEARCA:FLIN – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 24,064 shares of the company’s stock, valued at approximately $801,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. 3EDGE Asset Management LP bought a new stake in shares of Franklin FTSE India ETF during the 4th quarter worth $29,642,000. Axis Capital Holdings Ltd. bought a new position in Franklin FTSE India ETF in the fourth quarter valued at about $14,617,000. Susquehanna International Group LLP bought a new position in Franklin FTSE India ETF in the third quarter valued at about $10,489,000. Goldman Sachs Group Inc. acquired a new position in Franklin FTSE India ETF during the first quarter worth about $9,348,000. Finally, Bank of America Corp DE raised its stake in Franklin FTSE India ETF by 121.4% during the first 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 in the last quarter.
Franklin FTSE India ETF Stock Performance
FLIN stock opened at $35.77 on Monday. The firm has a 50-day moving average price of $35.32 and a 200-day moving average price of $35.42. Franklin FTSE India ETF has a 12 month low of $32.20 and a 12 month high of $39.85. The stock has a market capitalization of $2.66 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.
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