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

Franklin FTSE Canada ETF (NYSEARCA:FLCA)’s share price reached a new 52-week high during mid-day 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 company has a market capitalization of $833.42 million, a price-to-earnings ratio of 19.67 and a beta of 0.84. The stock has a 50 day simple moving average of $52.50 and a two-hundred day simple moving average of $51.26.

Institutional Inflows and Outflows

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

Franklin FTSE Canada ETF Company Profile

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.