Cape Investment Advisory Inc. Lowers Stock Position in Franklin FTSE India ETF (NYSEARCA:FLIN)

Cape Investment Advisory Inc. reduced its stake in shares of Franklin FTSE India ETF (NYSEARCA:FLIN) by 25.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,309 shares of the company’s stock after selling 454 shares during the period. Cape Investment Advisory Inc.’s holdings in Franklin FTSE India ETF were worth $48,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Jane Street Group LLC lifted its position in shares of Franklin FTSE India ETF by 3,934.5% during the 1st quarter. Jane Street Group LLC now owns 1,277,407 shares of the company’s stock valued at $47,072,000 after buying an additional 1,245,745 shares in the last quarter. OLD Mission Capital LLC raised its stake in Franklin FTSE India ETF by 262.5% during the 1st quarter. OLD Mission Capital LLC now owns 132,032 shares of the company’s stock valued at $4,865,000 after purchasing an additional 95,611 shares during the period. Basso Capital Management L.P. raised its stake in Franklin FTSE India ETF by 158.3% during the 1st quarter. Basso Capital Management L.P. now owns 38,750 shares of the company’s stock valued at $1,428,000 after purchasing an additional 23,750 shares during the period. JBR Co Financial Management Inc bought a new stake in Franklin FTSE India ETF during the 1st quarter valued at approximately $343,000. Finally, Avantax Advisory Services Inc. bought a new stake in Franklin FTSE India ETF during the 1st quarter valued at approximately $905,000.

Franklin FTSE India ETF Trading Down 1.0 %

FLIN traded down $0.39 on Friday, hitting $40.36. 239,814 shares of the company’s stock traded hands, compared to its average volume of 287,715. The company’s 50 day simple moving average is $39.84 and its 200-day simple moving average is $37.83. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 27.54 and a beta of 0.52. Franklin FTSE India ETF has a one year low of $30.41 and a one year high of $41.25.

About Franklin FTSE India ETF

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.