Raymond James Financial Inc. Makes New Investment in Franklin FTSE India ETF (NYSEARCA:FLIN)

Raymond James Financial Inc. bought a new position in Franklin FTSE India ETF (NYSEARCA:FLIN) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 232,034 shares of the company’s stock, valued at approximately $8,794,000.

Other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in shares of Franklin FTSE India ETF during the fourth quarter worth approximately $62,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Franklin FTSE India ETF by 172.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,500 shares of the company’s stock worth $171,000 after purchasing an additional 2,850 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Franklin FTSE India ETF during the fourth quarter worth approximately $217,000. Atomi Financial Group Inc. bought a new position in Franklin FTSE India ETF during the fourth quarter valued at approximately $234,000. Finally, Avid Wealth Partners LLC raised its position in Franklin FTSE India ETF by 45.5% during the fourth quarter. Avid Wealth Partners LLC now owns 7,130 shares of the company’s stock valued at $270,000 after acquiring an additional 2,230 shares in the last quarter.

Franklin FTSE India ETF Stock Performance

Shares of FLIN opened at $36.82 on Friday. The firm has a market cap of $1.70 billion, a PE ratio of 23.47 and a beta of 0.75. The firm’s 50 day moving average price is $35.73 and its 200 day moving average price is $38.38. Franklin FTSE India ETF has a twelve month low of $33.86 and a twelve month 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.