Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Strong Trading Volume – Time to Buy?

Franklin FTSE Canada ETF (NYSEARCA:FLCA) shares saw unusually-strong trading volume on Monday . 190,243 shares changed hands during mid-day trading, an increase of 150% from the previous session’s volume of 76,121 shares.The stock last traded at $51.90 and had previously closed at $51.67.

Franklin FTSE Canada ETF Stock Performance

The company’s 50-day moving average price is $52.00 and its 200-day moving average price is $50.57. The firm has a market capitalization of $770.63 million, a PE ratio of 19.67 and a beta of 0.84.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FLCA. Comerica Bank raised its position in shares of 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 acquiring an additional 763 shares in the last quarter. Blue Trust Inc. boosted its holdings in Franklin FTSE Canada ETF by 1,080.0% in 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 in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Franklin FTSE Canada ETF by 84.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,331 shares of the company’s stock valued at $56,000 after purchasing an additional 610 shares during the last quarter. Bayban purchased a new position in Franklin FTSE Canada ETF in the fourth quarter valued at approximately $70,000. Finally, Kestra Advisory Services LLC acquired a new stake in Franklin FTSE Canada ETF during the fourth 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.