Franklin FTSE China ETF $FLCH Shares Acquired by Royal Bank of Canada

Royal Bank of Canada lifted its holdings in shares of Franklin FTSE China ETF (NYSEARCA:FLCH) by 242.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 68,284 shares of the company’s stock after acquiring an additional 48,336 shares during the period. Royal Bank of Canada owned approximately 0.55% of Franklin FTSE China ETF worth $1,529,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new stake in Franklin FTSE China ETF in the 2nd quarter worth approximately $300,000. EverSource Wealth Advisors LLC raised its holdings in shares of Franklin FTSE China ETF by 422.1% in the second quarter. EverSource Wealth Advisors LLC now owns 7,127 shares of the company’s stock worth $155,000 after buying an additional 5,762 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Franklin FTSE China ETF by 6.3% in the second quarter. NewEdge Advisors LLC now owns 223,485 shares of the company’s stock worth $4,851,000 after buying an additional 13,166 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Franklin FTSE China ETF by 1,806.9% during the second quarter. Bank of America Corp DE now owns 100,438 shares of the company’s stock worth $2,180,000 after buying an additional 95,171 shares during the period. Finally, Benjamin Edwards Inc. lifted its stake in shares of Franklin FTSE China ETF by 13.8% during the second quarter. Benjamin Edwards Inc. now owns 58,778 shares of the company’s stock worth $1,276,000 after buying an additional 7,150 shares during the period.

Franklin FTSE China ETF Price Performance

Shares of FLCH opened at $21.91 on Thursday. The company’s fifty day moving average price is $21.42 and its 200-day moving average price is $22.49. Franklin FTSE China ETF has a 1-year low of $20.01 and a 1-year high of $26.51. The firm has a market capitalization of $302.36 million, a PE ratio of 12.83 and a beta of 0.35.

Franklin FTSE China ETF Profile

The Franklin FTSE China ETF (FLCH) is an exchange-traded fund that is based on the FTSE China RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap companies in China. FLCH was launched on Nov 2, 2017 and is managed by Franklin Templeton.