Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sets New 52-Week High – Still a Buy?

Shares of Franklin FTSE Canada ETF (NYSEARCA:FLCAGet Free Report) hit a new 52-week high on Wednesday . The company traded as high as $53.22 and last traded at $53.22, with a volume of 7675 shares changing hands. The stock had previously closed at $53.09.

Franklin FTSE Canada ETF Stock Performance

The company has a market cap of $743.31 million, a price-to-earnings ratio of 19.67 and a beta of 0.84. The business has a fifty day moving average price of $51.96 and a 200 day moving average price of $50.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FLCA. Bank of America Corp DE raised its stake in Franklin FTSE Canada ETF by 20.4% during the first quarter. Bank of America Corp DE now owns 4,251,730 shares of the company’s stock worth $208,080,000 after acquiring an additional 720,745 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Franklin FTSE Canada ETF by 2.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,970,219 shares of the company’s stock valued at $95,162,000 after purchasing an additional 44,927 shares in the last quarter. Nottingham Advisors Inc. grew its holdings in shares of Franklin FTSE Canada ETF by 2.3% during the 1st quarter. Nottingham Advisors Inc. now owns 287,509 shares of the company’s stock valued at $14,071,000 after purchasing an additional 6,360 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Franklin FTSE Canada ETF by 520.4% during the 4th quarter. Royal Bank of Canada now owns 272,728 shares of the company’s stock valued at $13,173,000 after purchasing an additional 228,769 shares during the last quarter. Finally, ES4 LLC acquired a new position in Franklin FTSE Canada ETF during the 4th quarter worth approximately $4,588,000.

About Franklin FTSE Canada ETF

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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.

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