768,126 Shares in Franklin FTSE India ETF $FLIN Acquired by 3EDGE Asset Management LP

3EDGE Asset Management LP purchased a new position in Franklin FTSE India ETF (NYSEARCA:FLIN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 768,126 shares of the company’s stock, valued at approximately $29,642,000. Franklin FTSE India ETF accounts for 1.5% of 3EDGE Asset Management LP’s portfolio, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in FLIN. Goldman Sachs Group Inc. acquired a new stake in shares of Franklin FTSE India ETF during the first quarter valued at about $9,348,000. Jane Street Group LLC lifted its stake in shares of Franklin FTSE India ETF by 46.2% in the first quarter. Jane Street Group LLC now owns 89,994 shares of the company’s stock worth $3,315,000 after acquiring an additional 28,453 shares in the last quarter. Bank of Nova Scotia purchased a new position in Franklin FTSE India ETF in the second quarter valued at about $1,610,000. Bank of America Corp DE boosted its holdings in Franklin FTSE India ETF by 115.0% in the second quarter. Bank of America Corp DE now owns 284,146 shares of the company’s stock valued at $11,318,000 after purchasing an additional 151,964 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Franklin FTSE India ETF by 27.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 17,860 shares of the company’s stock valued at $711,000 after purchasing an additional 3,855 shares in the last quarter.

Franklin FTSE India ETF Stock Down 1.1%

FLIN stock opened at $33.89 on Wednesday. The stock’s 50 day moving average is $34.62 and its two-hundred day moving average is $36.87. The company has a market capitalization of $2.46 billion, a PE ratio of 22.46 and a beta of 0.48. Franklin FTSE India ETF has a 52-week low of $32.20 and a 52-week high of $40.08.

Franklin FTSE India ETF 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.