Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sets New 1-Year High – Should You Buy?

Shares of Franklin FTSE Canada ETF (NYSEARCA:FLCA) hit a new 52-week high on Monday . The stock traded as high as $49.07 and last traded at $48.8550, with a volume of 18702 shares changing hands. The stock had previously closed at $48.84.

Franklin FTSE Canada ETF Trading Down 0.3%

The stock has a 50 day simple moving average of $46.66 and a 200 day simple moving average of $44.48. The firm has a market capitalization of $556.47 million, a PE ratio of 19.67 and a beta of 0.93.

Institutional Investors Weigh In On Franklin FTSE Canada ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC grew its holdings in Franklin FTSE Canada ETF by 403.0% in the 3rd quarter. Flow Traders U.S. LLC now owns 36,628 shares of the company’s stock worth $1,663,000 after acquiring an additional 29,346 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Franklin FTSE Canada ETF by 1.5% during the third quarter. Bank of America Corp DE now owns 3,506,742 shares of the company’s stock worth $159,216,000 after purchasing an additional 51,324 shares during the period. Scotia Capital Inc. grew its stake in shares of Franklin FTSE Canada ETF by 15.9% in the third quarter. Scotia Capital Inc. now owns 14,118 shares of the company’s stock worth $641,000 after purchasing an additional 1,939 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in Franklin FTSE Canada ETF during the 3rd quarter valued at about $37,000. Finally, Beverly Hills Private Wealth LLC purchased a new position in Franklin FTSE Canada ETF during the 3rd quarter valued at about $211,000.

Franklin FTSE Canada ETF Company Profile

The Franklin FTSE Canada ETF (FLCA) is an exchange-traded fund that is based on the FTSE Canada RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Canadian stocks. FLCA was launched on Nov 2, 2017 and is managed by Franklin Templeton.