Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Strong Trading Volume – Should You Buy?

Shares of Franklin FTSE India ETF (NYSEARCA:FLIN) saw unusually-strong trading volume on Wednesday . Approximately 515,440 shares changed hands during 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 Performance

The company has a market cap of $1.00 billion, a P/E ratio of 27.54 and a beta of 0.52. The business’s fifty day moving average is $38.45 and its two-hundred day moving average is $39.85.

Institutional Investors Weigh In On Franklin FTSE India ETF

A number of large investors have recently modified their holdings of the business. M&R Capital Management Inc. increased its stake in Franklin FTSE India ETF by 76.0% in the third quarter. M&R Capital Management Inc. now owns 1,091 shares of the company’s stock valued at $46,000 after purchasing an additional 471 shares during the last quarter. KWB Wealth raised its stake in Franklin FTSE India ETF by 6.3% in the 3rd quarter. KWB Wealth now owns 11,598 shares of the company’s stock valued at $462,000 after purchasing an additional 684 shares during the last quarter. Private Advisor Group LLC grew its holdings in 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 buying an additional 707 shares during the period. Creative Planning grew its holdings in shares of Franklin FTSE India ETF by 7.8% during the 2nd quarter. Creative Planning now owns 18,462 shares of the company’s stock worth $736,000 after purchasing an additional 1,333 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its position 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 acquiring an additional 1,406 shares in the last quarter.

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.