Franklin FTSE Canada ETF (NYSEARCA:FLCA) Reaches New 1-Year High – Here’s What Happened

Shares of Franklin FTSE Canada ETF (NYSEARCA:FLCAGet Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $55.89 and last traded at $55.86, with a volume of 15999 shares. The stock had previously closed at $55.44.

Franklin FTSE Canada ETF Stock Down 0.8%

The firm’s fifty day moving average price is $53.25 and its two-hundred day moving average price is $51.80. The stock has a market capitalization of $843.45 million, a PE ratio of 19.67 and a beta of 0.84.

Institutional Investors Weigh In On Franklin FTSE Canada ETF

A number of large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its position in Franklin FTSE Canada ETF by 84.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,331 shares of the company’s stock worth $56,000 after acquiring an additional 610 shares during the period. Comerica Bank grew its position in shares of Franklin FTSE Canada ETF by 1,557.1% during the 4th quarter. Comerica Bank now owns 812 shares of the company’s stock valued at $39,000 after acquiring an additional 763 shares during the period. TD Waterhouse Canada Inc. grew its position in shares of Franklin FTSE Canada ETF by 564.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,162 shares of the company’s stock valued at $60,000 after acquiring an additional 987 shares during the period. LPL Financial LLC increased its stake in shares of Franklin FTSE Canada ETF by 5.9% in the 4th quarter. LPL Financial LLC now owns 21,711 shares of the company’s stock worth $1,049,000 after purchasing an additional 1,210 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Franklin FTSE Canada ETF by 2.3% in the 4th quarter. Bank of Montreal Can now owns 59,018 shares of the company’s stock worth $2,851,000 after purchasing an additional 1,351 shares in the last quarter.

Franklin FTSE Canada ETF Company Profile

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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.

Further Reading

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