Franklin FTSE India ETF (NYSEARCA:FLIN) Reaches New 1-Year Low – Should You Sell?

Franklin FTSE India ETF (NYSEARCA:FLIN) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $35.02 and last traded at $35.05, with a volume of 39679 shares changing hands. The stock had previously closed at $35.12.

Franklin FTSE India ETF Stock Performance

The stock has a market cap of $965.52 million, a PE ratio of 27.54 and a beta of 0.52. The stock’s 50-day moving average is $37.01 and its two-hundred day moving average is $39.13.

Hedge Funds Weigh In On Franklin FTSE India ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLIN. CWM LLC acquired a new stake in Franklin FTSE India ETF during the 3rd quarter worth $86,000. Creative Planning increased its position in shares of Franklin FTSE India ETF by 7.4% during the third quarter. Creative Planning now owns 19,824 shares of the company’s stock worth $831,000 after purchasing an additional 1,362 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Franklin FTSE India ETF by 0.7% in the 3rd quarter. Private Advisor Group LLC now owns 98,952 shares of the company’s stock valued at $4,146,000 after purchasing an additional 707 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Franklin FTSE India ETF by 36.5% in the 3rd quarter. US Bancorp DE now owns 7,479 shares of the company’s stock valued at $313,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in Franklin FTSE India ETF by 2.4% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 58,864 shares of the company’s stock worth $2,466,000 after buying an additional 1,406 shares during the last quarter.

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.