Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Large Volume Increase – Here’s What Happened

Franklin FTSE Canada ETF (NYSEARCA:FLCA) shares saw strong trading volume on Thursday . 207,992 shares traded hands during trading, an increase of 105% from the previous session’s volume of 101,584 shares.The stock last traded at $48.40 and had previously closed at $48.97.

Franklin FTSE Canada ETF Trading Down 1.5%

The firm has a 50 day moving average price of $49.98 and a 200-day moving average price of $47.52. The firm has a market cap of $596.50 million, a PE ratio of 19.67 and a beta of 0.93.

Institutional Trading of Franklin FTSE Canada ETF

Institutional investors have recently added to or reduced their stakes in the business. Bayban acquired a new stake in shares of Franklin FTSE Canada ETF during the fourth quarter worth $70,000. Sierra Capital LLC acquired a new stake in shares of Franklin FTSE Canada ETF during the 4th quarter worth approximately $201,000. Cetera Investment Advisers boosted its position in Franklin FTSE Canada ETF by 11.2% during the 4th quarter. Cetera Investment Advisers now owns 28,303 shares of the company’s stock valued at $1,367,000 after purchasing an additional 2,845 shares during the period. Royal Bank of Canada grew its stake in 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 worth $13,173,000 after buying an additional 228,769 shares during the last quarter. Finally, ES4 LLC acquired a new stake in Franklin FTSE Canada ETF in the fourth quarter worth $4,588,000.

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.