Migdal Insurance & Financial Holdings Ltd. Acquires 560,000 Shares of Franklin FTSE India ETF (NYSEARCA:FLIN)

Migdal Insurance & Financial Holdings Ltd. raised its holdings in Franklin FTSE India ETF (NYSEARCA:FLIN) by 45.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,795,490 shares of the company’s stock after purchasing an additional 560,000 shares during the period. Franklin FTSE India ETF makes up 1.0% of Migdal Insurance & Financial Holdings Ltd.’s portfolio, making the stock its 27th biggest position. Migdal Insurance & Financial Holdings Ltd. owned about 0.07% of Franklin FTSE India ETF worth $68,041,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Franklin FTSE India ETF by 211.9% in the 3rd quarter. Principal Financial Group Inc. now owns 213,051 shares of the company’s stock worth $8,927,000 after purchasing an additional 144,743 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in shares of Franklin FTSE India ETF in the 4th quarter worth about $234,000. Park Avenue Securities LLC bought a new stake in shares of Franklin FTSE India ETF in the 3rd quarter worth about $331,000. Altman Advisors Inc. bought a new stake in shares of Franklin FTSE India ETF in the 3rd quarter worth about $2,802,000. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Franklin FTSE India ETF by 39.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 10,921 shares of the company’s stock worth $458,000 after purchasing an additional 3,097 shares during the last quarter.

Franklin FTSE India ETF Stock Performance

FLIN opened at $36.34 on Friday. The firm’s 50-day simple moving average is $37.91 and its 200-day simple moving average is $39.50. Franklin FTSE India ETF has a twelve month low of $35.60 and a twelve month high of $42.49. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 27.54 and a beta of 0.52.

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.