Franklin FTSE India ETF (NYSEARCA:FLIN) Stake Increased by River Street Advisors LLC

River Street Advisors LLC grew its holdings in Franklin FTSE India ETF (NYSEARCA:FLIN) by 8.0% in the first quarter, Holdings Channel.com reports. The firm owned 105,740 shares of the company’s stock after purchasing an additional 7,871 shares during the period. Franklin FTSE India ETF comprises approximately 1.9% of River Street Advisors LLC’s investment portfolio, making the stock its 13th largest position. River Street Advisors LLC’s holdings in Franklin FTSE India ETF were worth $3,895,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of FLIN. Menora Mivtachim Holdings LTD. lifted its holdings 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. Raymond James Financial Inc. acquired a new position in shares of Franklin FTSE India ETF in the fourth quarter worth $8,794,000. Principal Financial Group Inc. increased its stake 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 acquiring an additional 194,345 shares during the last quarter. Axiom Investors LLC DE increased its stake in shares of Franklin FTSE India ETF by 23.4% in the fourth quarter. Axiom Investors LLC DE now owns 257,300 shares of the company’s stock worth $9,752,000 after acquiring an additional 48,800 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Franklin FTSE India ETF by 55.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 127,551 shares of the company’s stock worth $4,834,000 after acquiring an additional 45,412 shares during the last quarter.

Franklin FTSE India ETF Stock Performance

NYSEARCA FLIN opened at $38.54 on Friday. Franklin FTSE India ETF has a 1-year low of $33.86 and a 1-year high of $42.49. The company has a market capitalization of $2.23 billion, a PE ratio of 23.13 and a beta of 0.47. The firm’s fifty day simple moving average is $38.44 and its 200-day simple moving average is $37.33.

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.