Franklin FTSE Canada ETF (NYSEARCA:FLCA) Reaches New 52-Week High – What’s Next?

Franklin FTSE Canada ETF (NYSEARCA:FLCA) shares reached a new 52-week high during trading on Monday . The stock traded as high as $54.79 and last traded at $54.76, with a volume of 2619 shares traded. The stock had previously closed at $54.11.

Franklin FTSE Canada ETF Price Performance

The stock has a 50 day moving average price of $52.50 and a two-hundred day moving average price of $51.26. The firm has a market capitalization of $833.42 million, a price-to-earnings ratio of 19.67 and a beta of 0.84.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

Several institutional investors have recently bought and sold shares of the company. Comerica Bank increased its holdings in Franklin FTSE Canada ETF by 1,557.1% during the 4th quarter. Comerica Bank now owns 812 shares of the company’s stock worth $39,000 after purchasing an additional 763 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Franklin FTSE Canada ETF by 84.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,331 shares of the company’s stock valued at $56,000 after buying an additional 610 shares during the period. Bayban acquired a new position in shares of Franklin FTSE Canada ETF during the fourth quarter worth about $70,000. Kestra Advisory Services LLC acquired a new position in shares of Franklin FTSE Canada ETF during the fourth quarter worth about $103,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Franklin FTSE Canada ETF during the second quarter worth approximately $103,000.

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.