Phoenix Financial Ltd. Purchases New Position in Franklin FTSE India ETF $FLIN

Phoenix Financial Ltd. purchased a new stake in Franklin FTSE India ETF (NYSEARCA:FLIN) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,600 shares of the company’s stock, valued at approximately $542,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FLIN. OLD National Bancorp IN boosted its holdings in Franklin FTSE India ETF by 446.9% in the second quarter. OLD National Bancorp IN now owns 636,044 shares of the company’s stock valued at $25,334,000 after purchasing an additional 519,754 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in Franklin FTSE India ETF in the first quarter valued at approximately $9,348,000. Family Investment Center Inc. boosted its holdings in Franklin FTSE India ETF by 718.0% in the first quarter. Family Investment Center Inc. now owns 273,641 shares of the company’s stock valued at $10,081,000 after purchasing an additional 240,188 shares in the last quarter. Empowered Funds LLC acquired a new position in Franklin FTSE India ETF in the first quarter valued at approximately $5,386,000. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of Franklin FTSE India ETF in the first quarter valued at approximately $5,285,000.

Franklin FTSE India ETF Trading Up 1.6%

FLIN stock opened at $39.72 on Thursday. The company has a market capitalization of $2.58 billion, a P/E ratio of 22.46 and a beta of 0.67. Franklin FTSE India ETF has a twelve month low of $33.86 and a twelve month high of $40.08. The business has a 50 day simple moving average of $38.08 and a 200-day simple moving average of $38.31.

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.