J.Safra Asset Management Corp Invests $801,000 in Franklin FTSE India ETF $FLIN

J.Safra Asset Management Corp purchased a new stake in Franklin FTSE India ETF (NYSEARCA:FLIN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 24,064 shares of the company’s stock, valued at approximately $801,000.

Other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new stake in Franklin FTSE India ETF during the 1st quarter worth $9,348,000. Jane Street Group LLC raised its position in 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 valued at $3,315,000 after purchasing an additional 28,453 shares during the last quarter. Bank of Nova Scotia bought 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 stake in shares of Franklin FTSE India ETF by 115.0% during 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 in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Franklin FTSE India ETF by 27.5% during the second 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 Performance

NYSEARCA:FLIN opened at $35.77 on Monday. The stock has a market cap of $2.66 billion, a P/E ratio of 22.46 and a beta of 0.47. The stock’s 50-day moving average is $35.32 and its 200-day moving average is $35.42. Franklin FTSE India ETF has a 1-year low of $32.20 and a 1-year high of $39.85.

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.