Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Unusually-High Trading Volume – Here’s What Happened

Franklin FTSE Canada ETF (NYSEARCA:FLCA) saw unusually-high trading volume on Monday . Approximately 51,224 shares changed hands during mid-day trading, an increase of 89% from the previous session’s volume of 27,134 shares.The stock last traded at $48.7640 and had previously closed at $48.30.

Franklin FTSE Canada ETF Price Performance

The company has a 50 day moving average of $46.96 and a 200-day moving average of $44.73. The company has a market cap of $571.64 million, a P/E ratio of 19.67 and a beta of 0.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC bought a new stake in Franklin FTSE Canada ETF during the second quarter valued at approximately $233,000. Courier Capital LLC grew its position in Franklin FTSE Canada ETF by 2.5% in the second quarter. Courier Capital LLC now owns 53,141 shares of the company’s stock worth $2,219,000 after acquiring an additional 1,275 shares in the last quarter. Simon Quick Advisors LLC bought a new position in Franklin FTSE Canada ETF in the second quarter valued at $5,034,000. Elm Partners Management LLC increased its stake in Franklin FTSE Canada ETF by 174.4% in the second quarter. Elm Partners Management LLC now owns 30,758 shares of the company’s stock valued at $1,284,000 after acquiring an additional 19,548 shares during the last quarter. Finally, Bank of Montreal Can raised its position in Franklin FTSE Canada ETF by 12.5% during the second quarter. Bank of Montreal Can now owns 56,623 shares of the company’s stock valued at $2,364,000 after purchasing an additional 6,295 shares in the last quarter.

About Franklin FTSE Canada ETF

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.