HighTower Advisors LLC Acquires 1,450 Shares of Franklin FTSE India ETF (NYSEARCA:FLIN)

HighTower Advisors LLC raised its holdings in shares of Franklin FTSE India ETF (NYSEARCA:FLIN) by 18.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,274 shares of the company’s stock after buying an additional 1,450 shares during the period. HighTower Advisors LLC’s holdings in Franklin FTSE India ETF were worth $351,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Franklin FTSE India ETF by 45.3% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,795,490 shares of the company’s stock valued at $68,041,000 after buying an additional 560,000 shares in the last quarter. Principal Financial Group Inc. boosted its position 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 purchasing an additional 194,345 shares during the period. Franklin Resources Inc. increased its stake in shares of Franklin FTSE India ETF by 172.0% in the third quarter. Franklin Resources Inc. now owns 266,515 shares of the company’s stock worth $10,919,000 after purchasing an additional 168,525 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Franklin FTSE India ETF during the 4th quarter valued at $8,794,000. Finally, OLD Second National Bank of Aurora lifted its stake in shares of Franklin FTSE India ETF by 14.8% during the 4th quarter. OLD Second National Bank of Aurora now owns 223,564 shares of the company’s stock valued at $8,473,000 after buying an additional 28,797 shares in the last quarter.

Franklin FTSE India ETF Stock Performance

Shares of FLIN stock opened at $36.56 on Wednesday. The stock has a fifty day simple moving average of $35.76 and a two-hundred day simple moving average of $38.13. The firm has a market capitalization of $1.69 billion, a PE ratio of 23.47 and a beta of 0.75. Franklin FTSE India ETF has a 52-week low of $33.86 and a 52-week high of $42.49.

About Franklin FTSE India ETF

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.