Franklin FTSE India ETF (NYSEARCA:FLIN) Shares Break Above 50 Day Moving Average – Here’s What Happened

Franklin FTSE India ETF (NYSEARCA:FLIN) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $34.34 and traded as high as $34.70. Franklin FTSE India ETF shares last traded at $34.62, with a volume of 170,069 shares traded.

Franklin FTSE India ETF Stock Up 1.7%

The stock has a 50 day moving average of $34.34 and a 200 day moving average of $35.23. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 22.46 and a beta of 0.48.

Hedge Funds Weigh In On Franklin FTSE India ETF

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of Franklin FTSE India ETF by 8.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 8,039 shares of the company’s stock valued at $267,000 after buying an additional 631 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Franklin FTSE India ETF by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 33,283 shares of the company’s stock worth $1,106,000 after acquiring an additional 1,092 shares during the period. Arta Finance Wealth Management LLC boosted its position in shares of Franklin FTSE India ETF by 15.2% during the 3rd quarter. Arta Finance Wealth Management LLC now owns 8,671 shares of the company’s stock worth $290,000 after acquiring an additional 1,143 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Franklin FTSE India ETF by 2.5% during the 1st quarter. Private Advisor Group LLC now owns 69,662 shares of the company’s stock worth $2,314,000 after acquiring an additional 1,701 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Franklin FTSE India ETF by 23.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 9,597 shares of the company’s stock worth $370,000 after acquiring an additional 1,809 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.