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

Shares of Franklin FTSE India ETF (NYSEARCA:FLIN) saw unusually-strong trading volume on Friday . Approximately 3,259,622 shares changed hands during trading, an increase of 256% from the previous session’s volume of 915,774 shares.The stock last traded at $34.63 and had previously closed at $34.20.

Franklin FTSE India ETF Stock Up 0.9%

The firm’s 50-day moving average is $34.92 and its 200-day moving average is $35.65. The company has a market capitalization of $2.68 billion, a PE ratio of 22.46 and a beta of 0.47.

Institutional Investors Weigh In On Franklin FTSE India ETF

Several hedge funds have recently added to or reduced their stakes in the company. OLD National Bancorp IN lifted its position in Franklin FTSE India ETF by 8.0% in the 4th quarter. OLD National Bancorp IN now owns 747,647 shares of the company’s stock worth $28,852,000 after buying an additional 55,523 shares during the last quarter. Axis Capital Holdings Ltd. purchased a new position in shares of Franklin FTSE India ETF during the fourth quarter worth approximately $14,617,000. 3EDGE Asset Management LP bought a new stake in shares of Franklin FTSE India ETF in the 4th quarter worth approximately $29,642,000. Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Franklin FTSE India ETF by 82.8% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 34,666 shares of the company’s stock worth $1,338,000 after acquiring an additional 15,700 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Franklin FTSE India ETF by 30.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 62,275 shares of the company’s stock valued at $2,097,000 after purchasing an additional 14,499 shares in the last quarter.

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.