Franklin FTSE India ETF (NYSEARCA:FLIN) Reaches New 52-Week Low – Time to Sell?

Franklin FTSE India ETF (NYSEARCA:FLIN) shares hit a new 52-week low on Wednesday . The company traded as low as $35.52 and last traded at $35.55, with a volume of 26711 shares changing hands. The stock had previously closed at $35.86.

Franklin FTSE India ETF Stock Performance

The company’s 50-day moving average price is $37.54 and its 200-day moving average price is $39.35. The firm has a market capitalization of $992.08 million, a PE ratio of 27.54 and a beta of 0.52.

Institutional Trading of Franklin FTSE India ETF

Institutional investors have recently bought and sold shares of the business. Menora Mivtachim Holdings LTD. lifted its position in shares of Franklin FTSE India ETF by 7.2% during the 4th quarter. Menora Mivtachim Holdings LTD. now owns 11,161,486 shares of the company’s stock worth $423,020,000 after buying an additional 750,000 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in Franklin FTSE India ETF by 45.3% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,795,490 shares of the company’s stock valued at $68,041,000 after acquiring an additional 560,000 shares during the last quarter. Ativo Capital Management LLC acquired a new position in Franklin FTSE India ETF in the third quarter valued at $17,377,000. Principal Financial Group Inc. boosted its stake in Franklin FTSE India ETF by 91.2% in the fourth quarter. Principal Financial Group Inc. now owns 407,396 shares of the company’s stock valued at $15,440,000 after acquiring an additional 194,345 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Franklin FTSE India ETF by 172.0% during the third quarter. Franklin Resources Inc. now owns 266,515 shares of the company’s stock worth $10,919,000 after purchasing an additional 168,525 shares during the last quarter.

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.