Franklin FTSE Canada ETF (NYSEARCA:FLCA) Reaches New 52-Week High – Should You Buy?

Franklin FTSE Canada ETF (NYSEARCA:FLCA)’s share price hit a new 52-week high on Monday . The company traded as high as $49.07 and last traded at $49.0850, with a volume of 617 shares changing hands. The stock had previously closed at $48.79.

Franklin FTSE Canada ETF Stock Performance

The firm has a market cap of $582.90 million, a P/E ratio of 19.67 and a beta of 0.93. The business’s 50-day simple moving average is $47.15 and its 200 day simple moving average is $44.89.

Institutional Trading of Franklin FTSE Canada ETF

Hedge funds have recently bought and sold shares of the company. Simon Quick Advisors LLC purchased a new position in Franklin FTSE Canada ETF in the second quarter worth about $5,034,000. Bank of America Corp DE raised its position in Franklin FTSE Canada ETF by 1.5% in the third quarter. Bank of America Corp DE now owns 3,506,742 shares of the company’s stock worth $159,216,000 after acquiring an additional 51,324 shares during the period. Flow Traders U.S. LLC boosted its stake in shares of Franklin FTSE Canada ETF by 403.0% during 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. FDx Advisors Inc. bought a new stake in shares of Franklin FTSE Canada ETF during the 3rd quarter valued at $938,000. Finally, Elm Partners Management LLC grew its position in shares of Franklin FTSE Canada ETF by 174.4% during the 2nd 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 period.

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.