2,786,090 Shares in Franklin FTSE India ETF (NYSEARCA:FLIN) Purchased by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. bought a new position in Franklin FTSE India ETF (NYSEARCA:FLIN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,786,090 shares of the company’s stock, valued at approximately $97,193,000. Franklin FTSE India ETF makes up 2.0% of Migdal Insurance & Financial Holdings Ltd.’s holdings, making the stock its 14th largest position. Migdal Insurance & Financial Holdings Ltd. owned 26.53% of Franklin FTSE India ETF at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FLIN. Advisor Group Holdings Inc. raised its position in Franklin FTSE India ETF by 37.2% during the first quarter. Advisor Group Holdings Inc. now owns 5,006 shares of the company’s stock valued at $156,000 after purchasing an additional 1,358 shares during the period. LPL Financial LLC raised its holdings in shares of Franklin FTSE India ETF by 8.0% in the second quarter. LPL Financial LLC now owns 8,390 shares of the company’s stock worth $230,000 after buying an additional 625 shares during the period. Jane Street Group LLC purchased a new stake in shares of Franklin FTSE India ETF in the second quarter worth approximately $770,000. Flow Traders U.S. LLC purchased a new stake in shares of Franklin FTSE India ETF in the fourth quarter worth approximately $2,544,000. Finally, UBS Group AG bought a new position in Franklin FTSE India ETF in the first quarter worth approximately $51,000.

Franklin FTSE India ETF Price Performance

NYSEARCA FLIN traded down $0.08 during midday trading on Wednesday, hitting $36.61. 260,785 shares of the company traded hands, compared to its average volume of 219,385. The company has a market cap of $384.41 million, a PE ratio of 22.98 and a beta of 0.67. The company’s 50-day simple moving average is $36.70 and its 200-day simple moving average is $34.56. Franklin FTSE India ETF has a 52 week low of $27.97 and a 52 week high of $37.75.

Franklin FTSE India ETF Company 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.