Envestnet Asset Management Inc. Increases Holdings in Franklin FTSE India ETF $FLIN

Envestnet Asset Management Inc. raised its stake in Franklin FTSE India ETF (NYSEARCA:FLIN) by 9.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,206 shares of the company’s stock after buying an additional 3,402 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.07% of Franklin FTSE India ETF worth $1,641,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameritas Advisory Services LLC acquired a new position in shares of Franklin FTSE India ETF during the 2nd quarter valued at about $61,000. Trust Co. of Vermont raised its stake in Franklin FTSE India ETF by 26.9% during the second quarter. Trust Co. of Vermont now owns 2,625 shares of the company’s stock worth $105,000 after purchasing an additional 556 shares during the period. National Bank of Canada FI raised its stake in Franklin FTSE India ETF by 216.6% during the first quarter. National Bank of Canada FI now owns 4,261 shares of the company’s stock worth $157,000 after purchasing an additional 2,915 shares during the period. Arkadios Wealth Advisors acquired a new position in Franklin FTSE India ETF in the 1st quarter valued at about $202,000. Finally, Lynx Investment Advisory purchased a new stake in shares of Franklin FTSE India ETF in the 2nd quarter valued at approximately $205,000.

Franklin FTSE India ETF Price Performance

Shares of NYSEARCA FLIN opened at $39.21 on Thursday. The company has a market capitalization of $2.61 billion, a P/E ratio of 22.46 and a beta of 0.46. The company has a 50 day simple moving average of $38.49 and a 200-day simple moving average of $38.58. Franklin FTSE India ETF has a 1 year low of $33.86 and a 1 year high of $40.08.

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.