Focus Financial Network Inc. Increases Stake in Franklin FTSE India ETF $FLIN

Focus Financial Network Inc. raised its stake in Franklin FTSE India ETF (NYSEARCA:FLIN) by 53.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,781 shares of the company’s stock after acquiring an additional 34,544 shares during the quarter. Focus Financial Network Inc.’s holdings in Franklin FTSE India ETF were worth $3,514,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Morgan Stanley boosted its position in Franklin FTSE India ETF by 2.4% in the 4th quarter. Morgan Stanley now owns 1,491,503 shares of the company’s stock worth $57,557,000 after purchasing an additional 35,311 shares in the last quarter. OLD National Bancorp IN increased its holdings in shares of Franklin FTSE India ETF by 13.4% during the 1st quarter. OLD National Bancorp IN now owns 847,863 shares of the company’s stock valued at $28,166,000 after purchasing an additional 100,216 shares in the last quarter. 3EDGE Asset Management LP purchased a new position in shares of Franklin FTSE India ETF during the 4th quarter valued at approximately $29,642,000. Bank of America Corp DE lifted its stake in shares of Franklin FTSE India ETF by 121.4% in the 1st quarter. Bank of America Corp DE now owns 430,376 shares of the company’s stock valued at $14,297,000 after purchasing an additional 235,968 shares during the period. Finally, Axis Capital Holdings Ltd. acquired a new position in shares of Franklin FTSE India ETF in the 4th quarter valued at $14,617,000.

Franklin FTSE India ETF Stock Performance

Shares of NYSEARCA FLIN opened at $36.04 on Tuesday. The company has a market capitalization of $2.68 billion, a PE ratio of 22.46 and a beta of 0.47. The company’s fifty day moving average price is $35.19 and its 200 day moving average price is $35.45. Franklin FTSE India ETF has a 1 year low of $32.20 and a 1 year high of $39.85.

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.