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

Shares of Franklin FTSE India ETF (NYSEARCA:FLIN) saw unusually-strong trading volume on Wednesday . Approximately 515,440 shares changed hands during mid-day trading, an increase of 102% from the previous session’s volume of 255,025 shares.The stock last traded at $36.38 and had previously closed at $36.49.

Franklin FTSE India ETF Stock Down 0.8 %

The stock has a market capitalization of $1.01 billion, a PE ratio of 27.54 and a beta of 0.52. The firm’s fifty day moving average price is $38.38 and its two-hundred day moving average price is $39.80.

Institutional Trading of Franklin FTSE India ETF

Several large investors have recently modified their holdings of FLIN. Ativo Capital Management LLC purchased a new position in Franklin FTSE India ETF in the third quarter worth about $17,377,000. Franklin Resources Inc. lifted its stake in shares of Franklin FTSE India ETF by 172.0% in the 3rd 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 period. OLD Second National Bank of Aurora boosted its holdings in shares of Franklin FTSE India ETF by 14.8% in the fourth quarter. OLD Second National Bank of Aurora now owns 223,564 shares of the company’s stock worth $8,473,000 after buying an additional 28,797 shares during the last quarter. Main Management ETF Advisors LLC grew its position in Franklin FTSE India ETF by 8.8% during the third quarter. Main Management ETF Advisors LLC now owns 221,850 shares of the company’s stock valued at $9,296,000 after buying an additional 17,880 shares during the period. Finally, Principal Financial Group Inc. grew its position in Franklin FTSE India ETF by 211.9% during the third quarter. Principal Financial Group Inc. now owns 213,051 shares of the company’s stock valued at $8,927,000 after buying an additional 144,743 shares during the period.

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.