Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Unusually-High Trading Volume – Time to Buy?

Franklin FTSE India ETF (NYSEARCA:FLIN) saw unusually-high trading volume on Friday . Approximately 575,317 shares were traded during trading, an increase of 98% from the previous session’s volume of 290,037 shares.The stock last traded at $35.53 and had previously closed at $36.01.

Franklin FTSE India ETF Price Performance

The firm’s 50 day moving average price is $37.45 and its two-hundred day moving average price is $39.30. The stock has a market cap of $974.72 million, a PE ratio of 27.54 and a beta of 0.52.

Institutional Investors Weigh In On Franklin FTSE India ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Menora Mivtachim Holdings LTD. grew its position in shares of Franklin FTSE India ETF by 7.2% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 11,161,486 shares of the company’s stock valued at $423,020,000 after purchasing an additional 750,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Franklin FTSE India ETF by 45.3% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,795,490 shares of the company’s stock valued at $68,041,000 after buying an additional 560,000 shares in the last quarter. Ativo Capital Management LLC purchased a new position in Franklin FTSE India ETF during the 3rd quarter valued at about $17,377,000. Raymond James Financial Inc. bought a new stake in shares of Franklin FTSE India ETF during the fourth quarter valued at about $8,794,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Franklin FTSE India ETF by 91.2% in the fourth quarter. Principal Financial Group Inc. now owns 407,396 shares of the company’s stock worth $15,440,000 after buying an additional 194,345 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.