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

Franklin FTSE India ETF (NYSEARCA:FLIN) shares hit a new 52-week low during trading on Friday . The company traded as low as $34.43 and last traded at $34.43, with a volume of 183638 shares traded. The stock had previously closed at $34.63.

Franklin FTSE India ETF Stock Performance

The company has a market capitalization of $2.63 billion, a P/E ratio of 22.46 and a beta of 0.46. The firm’s fifty day moving average is $37.36 and its 200 day moving average is $38.04.

Institutional Investors Weigh In On Franklin FTSE India ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Investment Management Corp of Ontario raised its holdings in shares of Franklin FTSE India ETF by 220.3% in the 2nd quarter. Investment Management Corp of Ontario now owns 1,563,681 shares of the company’s stock valued at $62,281,000 after purchasing an additional 1,075,500 shares in the last quarter. Morgan Stanley raised its position in shares of Franklin FTSE India ETF by 2.4% in the 4th quarter. Morgan Stanley now owns 1,491,503 shares of the company’s stock worth $57,557,000 after acquiring an additional 35,311 shares in the last quarter. AGF Management Ltd. grew its stake in Franklin FTSE India ETF by 16.9% in the third quarter. AGF Management Ltd. now owns 1,197,347 shares of the company’s stock valued at $44,649,000 after purchasing an additional 172,979 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Franklin FTSE India ETF by 30.7% in the third quarter. Principal Financial Group Inc. now owns 898,218 shares of the company’s stock worth $33,495,000 after purchasing an additional 210,899 shares in the last quarter. Finally, 3EDGE Asset Management LP bought a new position in Franklin FTSE India ETF in the fourth quarter worth about $29,642,000.

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.