Franklin FTSE India ETF (NYSEARCA:FLIN) Hits New 1-Year Low – Should You Sell?

Franklin FTSE India ETF (NYSEARCA:FLIN) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $33.87 and last traded at $34.26, with a volume of 337561 shares trading hands. The stock had previously closed at $34.53.

Franklin FTSE India ETF Price Performance

The stock has a market cap of $1.60 billion, a PE ratio of 22.67 and a beta of 0.75. The business has a fifty day moving average of $36.58 and a 200-day moving average of $38.95.

Institutional Trading of Franklin FTSE India ETF

Large investors have recently modified their holdings of the company. Rialto Wealth Management LLC purchased a new stake in Franklin FTSE India ETF during the fourth quarter worth $27,000. Integrity Financial Corp WA acquired a new position in shares of Franklin FTSE India ETF during the fourth quarter worth $30,000. Fourth Dimension Wealth LLC acquired a new position in shares of Franklin FTSE India ETF during the fourth quarter worth $38,000. CoreCap Advisors LLC acquired a new position in shares of Franklin FTSE India ETF during the fourth quarter worth $39,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Franklin FTSE India ETF during the fourth quarter worth $62,000.

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.