Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Large Volume Increase – Should You Buy?

Shares of Franklin FTSE India ETF (NYSEARCA:FLIN) saw strong trading volume on Friday . 575,317 shares traded hands during trading, an increase of 98% from the previous session’s volume of 290,037 shares.The stock last traded at $35.53 and had previously closed at $36.01.

Franklin FTSE India ETF Price Performance

The firm has a market cap of $978.16 million, a P/E ratio of 27.54 and a beta of 0.52. The stock’s 50 day simple moving average is $37.54 and its two-hundred day simple moving average is $39.35.

Institutional Investors Weigh In On Franklin FTSE India ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Atomi Financial Group Inc. purchased a new stake in Franklin FTSE India ETF in the fourth quarter worth approximately $234,000. Principal Financial Group Inc. increased its holdings in Franklin FTSE India ETF by 211.9% in the 3rd quarter. Principal Financial Group Inc. now owns 213,051 shares of the company’s stock valued at $8,927,000 after acquiring an additional 144,743 shares during the last quarter. Altman Advisors Inc. bought a new stake in Franklin FTSE India ETF in the 3rd quarter valued at $2,802,000. Oppenheimer & Co. Inc. increased its holdings in shares of Franklin FTSE India ETF by 39.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 10,921 shares of the company’s stock worth $458,000 after buying an additional 3,097 shares during the last quarter. Finally, Creative Planning increased its holdings in shares of Franklin FTSE India ETF by 7.4% in the 3rd quarter. Creative Planning now owns 19,824 shares of the company’s stock worth $831,000 after buying an additional 1,362 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.