Investment Management Corp of Ontario Buys 1,075,500 Shares of Franklin FTSE India ETF $FLIN
by Danessa Lincoln · The Markets DailyInvestment Management Corp of Ontario raised its position in shares of Franklin FTSE India ETF (NYSEARCA:FLIN – Free Report) by 220.3% in the second quarter, HoldingsChannel.com reports. The firm owned 1,563,681 shares of the company’s stock after purchasing an additional 1,075,500 shares during the quarter. Franklin FTSE India ETF accounts for approximately 0.9% of Investment Management Corp of Ontario’s portfolio, making the stock its 15th biggest holding. Investment Management Corp of Ontario’s holdings in Franklin FTSE India ETF were worth $62,281,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of FLIN. OLD National Bancorp IN boosted its stake in shares of Franklin FTSE India ETF by 446.9% in the 2nd quarter. OLD National Bancorp IN now owns 636,044 shares of the company’s stock valued at $25,334,000 after purchasing an additional 519,754 shares during the last quarter. New York Life Investment Management LLC lifted its holdings in Franklin FTSE India ETF by 3,953.4% in the second quarter. New York Life Investment Management LLC now owns 495,687 shares of the company’s stock valued at $19,743,000 after buying an additional 483,458 shares during the period. Goldman Sachs Group Inc. bought a new stake in Franklin FTSE India ETF during the first quarter valued at $9,348,000. Empowered Funds LLC bought a new stake in Franklin FTSE India ETF during the first quarter valued at $5,386,000. Finally, Kovitz Investment Group Partners LLC acquired a new stake in Franklin FTSE India ETF during the 1st quarter worth about $5,285,000.
Franklin FTSE India ETF Trading Down 1.7%
FLIN stock opened at $38.01 on Tuesday. The firm has a market cap of $2.53 billion, a PE ratio of 22.46 and a beta of 0.46. The stock has a 50-day moving average price of $38.65 and a 200-day moving average price of $38.61. Franklin FTSE India ETF has a 1-year low of $33.86 and a 1-year high of $40.08.
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.
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Want to see what other hedge funds are holding FLIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin FTSE India ETF (NYSEARCA:FLIN – Free Report).