Franklin FTSE Canada ETF (NYSEARCA:FLCA) Hits New 12-Month High – Here’s Why

Franklin FTSE Canada ETF (NYSEARCA:FLCA) shares hit a new 52-week high during trading on Monday . The stock traded as high as $51.36 and last traded at $51.0670, with a volume of 10628 shares. The stock had previously closed at $51.14.

Franklin FTSE Canada ETF Trading Down 1.0%

The firm has a market capitalization of $635.17 million, a price-to-earnings ratio of 19.67 and a beta of 0.93. The company has a 50-day moving average of $49.23 and a 200-day moving average of $46.53.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FLCA. EverSource Wealth Advisors LLC acquired a new position in shares of Franklin FTSE Canada ETF in the 3rd quarter valued at about $37,000. Comerica Bank grew its holdings in shares of Franklin FTSE Canada ETF by 1,557.1% during the fourth quarter. Comerica Bank now owns 812 shares of the company’s stock valued at $39,000 after purchasing an additional 763 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Franklin FTSE Canada ETF by 1,080.0% during the fourth quarter. Blue Trust Inc. now owns 826 shares of the company’s stock valued at $40,000 after purchasing an additional 756 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Franklin FTSE Canada ETF by 84.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,331 shares of the company’s stock worth $56,000 after purchasing an additional 610 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Franklin FTSE Canada ETF during the 4th quarter worth approximately $103,000.

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.