PNC Financial Services Group Inc. Cuts Stake in Franklin FTSE India ETF (NYSEARCA:FLIN)

PNC Financial Services Group Inc. reduced its stake in shares of Franklin FTSE India ETF (NYSEARCA:FLIN) by 2.6% during the 1st quarter, HoldingsChannel reports. The fund owned 16,071 shares of the company’s stock after selling 430 shares during the period. PNC Financial Services Group Inc.’s holdings in Franklin FTSE India ETF were worth $592,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. raised its holdings in Franklin FTSE India ETF by 30.4% in the first quarter. Principal Financial Group Inc. now owns 531,220 shares of the company’s stock valued at $19,570,000 after buying an additional 123,824 shares during the period. Family Investment Center Inc. raised 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 buying an additional 240,188 shares during the period. OLD Second National Bank of Aurora raised its holdings in Franklin FTSE India ETF by 3.3% in the first quarter. OLD Second National Bank of Aurora now owns 230,896 shares of the company’s stock valued at $8,506,000 after buying an additional 7,332 shares during the period. Main Management ETF Advisors LLC raised its holdings in Franklin FTSE India ETF by 0.6% in the fourth quarter. Main Management ETF Advisors LLC now owns 223,200 shares of the company’s stock valued at $8,459,000 after buying an additional 1,350 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Franklin FTSE India ETF by 55.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 127,551 shares of the company’s stock valued at $4,834,000 after buying an additional 45,412 shares during the period.

Franklin FTSE India ETF Stock Up 0.6%

FLIN opened at $37.62 on Wednesday. The firm has a market capitalization of $2.30 billion, a P/E ratio of 22.46 and a beta of 0.67. The firm’s 50 day moving average is $38.91 and its 200-day moving average is $37.51. Franklin FTSE India ETF has a 52-week low of $33.86 and a 52-week high of $42.49.

Franklin FTSE India ETF 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.