Franklin FTSE Canada ETF (NYSEARCA:FLCA) Reaches New 12-Month High – Should You Buy?

Franklin FTSE Canada ETF (NYSEARCA:FLCA)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $50.57 and last traded at $50.2190, with a volume of 18856 shares. The stock had previously closed at $50.25.

Franklin FTSE Canada ETF Stock Performance

The firm has a market capitalization of $598.85 million, a PE ratio of 19.67 and a beta of 0.93. The stock has a fifty day moving average price of $48.36 and a 200-day moving average price of $45.61.

Institutional Trading of Franklin FTSE Canada ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FLCA. Bank of Montreal Can increased its position in Franklin FTSE Canada ETF by 12.5% during the 2nd quarter. Bank of Montreal Can now owns 56,623 shares of the company’s stock valued at $2,364,000 after buying an additional 6,295 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Franklin FTSE Canada ETF during the second quarter worth about $233,000. Courier Capital LLC increased its holdings in shares of Franklin FTSE Canada ETF by 2.5% during the second quarter. Courier Capital LLC now owns 53,141 shares of the company’s stock valued at $2,219,000 after acquiring an additional 1,275 shares in the last quarter. Elm Partners Management LLC raised its position in shares of Franklin FTSE Canada ETF by 174.4% in the 2nd quarter. Elm Partners Management LLC now owns 30,758 shares of the company’s stock valued at $1,284,000 after purchasing an additional 19,548 shares during the last quarter. Finally, FDx Advisors Inc. acquired a new stake in Franklin FTSE Canada ETF in the 3rd quarter worth approximately $938,000.

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.