Franklin FTSE India ETF (NYSEARCA:FLIN) Hits New 1-Year Low – Should You Sell?

Franklin FTSE India ETF (NYSEARCA:FLINGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $33.98 and last traded at $34.00, with a volume of 566241 shares changing hands. The stock had previously closed at $34.54.

Franklin FTSE India ETF Trading Down 2.0%

The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 22.46 and a beta of 0.46. The firm has a 50-day moving average price of $36.83 and a 200-day moving average price of $37.89.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its holdings in Franklin FTSE India ETF by 23.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 9,597 shares of the company’s stock worth $370,000 after acquiring an additional 1,809 shares during the period. Vident Advisory LLC lifted its holdings in Franklin FTSE India ETF by 14.6% in the 4th quarter. Vident Advisory LLC now owns 115,799 shares of the company’s stock valued at $4,469,000 after acquiring an additional 14,717 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in Franklin FTSE India ETF in the 4th quarter valued at about $353,000. Quadrature Capital Ltd bought a new position in shares of Franklin FTSE India ETF during the 4th quarter valued at about $817,000. Finally, IHT Wealth Management LLC boosted its position in shares of Franklin FTSE India ETF by 2.2% during the 4th quarter. IHT Wealth Management LLC now owns 89,000 shares of the company’s stock valued at $3,435,000 after purchasing an additional 1,924 shares in the last quarter.

About Franklin FTSE India ETF

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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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