Franklin FTSE India ETF (NYSEARCA:FLIN) Sets New 1-Year Low – Here’s What Happened

Shares of Franklin FTSE India ETF (NYSEARCA:FLIN) hit a new 52-week low on Tuesday . The stock traded as low as $35.32 and last traded at $35.38, with a volume of 1193 shares. The stock had previously closed at $35.38.

Franklin FTSE India ETF Price Performance

The company’s 50-day moving average is $37.18 and its 200-day moving average is $39.19. The firm has a market capitalization of $982.98 million, a price-to-earnings ratio of 27.54 and a beta of 0.52.

Hedge Funds Weigh In On Franklin FTSE India ETF

Several hedge funds and other institutional investors have recently modified their holdings of FLIN. Rialto Wealth Management LLC acquired a new position in shares of Franklin FTSE India ETF during the fourth quarter worth $27,000. Integrity Financial Corp WA purchased a new stake in Franklin FTSE India ETF during the 4th quarter worth $30,000. Fourth Dimension Wealth LLC acquired a new position in Franklin FTSE India ETF in the 4th quarter worth $38,000. CoreCap Advisors LLC purchased a new position in shares of Franklin FTSE India ETF during the 4th quarter valued at approximately $39,000. Finally, Heck Capital Advisors LLC bought a new position in Franklin FTSE India ETF during the 4th quarter valued at $62,000.

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.