Hsbc Holdings PLC Takes Position in Franklin FTSE India ETF $FLIN

Hsbc Holdings PLC bought a new position in Franklin FTSE India ETF (NYSEARCA:FLIN) during the first quarter, HoldingsChannel reports. The fund bought 63,571 shares of the company’s stock, valued at approximately $2,112,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Franklin FTSE India ETF by 30.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 62,275 shares of the company’s stock worth $2,097,000 after buying an additional 14,499 shares during the period. Whittier Trust Co. increased its holdings in Franklin FTSE India ETF by 3.6% in the 1st quarter. Whittier Trust Co. now owns 81,919 shares of the company’s stock worth $2,759,000 after acquiring an additional 2,812 shares in the last quarter. Private Advisor Group LLC increased its holdings in Franklin FTSE India ETF by 2.5% in the 1st quarter. Private Advisor Group LLC now owns 69,662 shares of the company’s stock worth $2,314,000 after acquiring an additional 1,701 shares in the last quarter. River Street Advisors LLC raised its stake in Franklin FTSE India ETF by 9.6% during the 1st quarter. River Street Advisors LLC now owns 182,913 shares of the company’s stock worth $6,076,000 after acquiring an additional 16,042 shares during the period. Finally, OLD Second National Bank of Aurora raised its stake in Franklin FTSE India ETF by 0.3% during the 1st quarter. OLD Second National Bank of Aurora now owns 323,982 shares of the company’s stock worth $10,763,000 after acquiring an additional 955 shares during the period.

Franklin FTSE India ETF Price Performance

Shares of NYSEARCA:FLIN opened at $34.51 on Monday. Franklin FTSE India ETF has a 1-year low of $32.20 and a 1-year high of $39.85. The company has a market capitalization of $2.68 billion, a P/E ratio of 22.46 and a beta of 0.47. The firm’s 50 day simple moving average is $34.92 and its two-hundred day simple moving average is $35.62.

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.