Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sets New 1-Year High – Should You Buy?

Franklin FTSE Canada ETF (NYSEARCA:FLCA) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $51.36 and last traded at $51.0670, with a volume of 10628 shares. The stock had previously closed at $51.14.

Franklin FTSE Canada ETF Stock Down 1.0%

The company has a 50 day simple moving average of $49.23 and a 200 day simple moving average of $46.53. The company has a market capitalization of $635.17 million, a price-to-earnings ratio of 19.67 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its position in shares of Franklin FTSE Canada ETF by 1.5% in the third quarter. Bank of America Corp DE now owns 3,506,742 shares of the company’s stock worth $159,216,000 after acquiring an additional 51,324 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Franklin FTSE Canada ETF by 2.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,970,219 shares of the company’s stock worth $95,162,000 after purchasing an additional 44,927 shares during the period. Nottingham Advisors Inc. boosted its position in Franklin FTSE Canada ETF by 3.0% during the 3rd quarter. Nottingham Advisors Inc. now owns 290,990 shares of the company’s stock worth $13,212,000 after purchasing an additional 8,462 shares during the period. Royal Bank of Canada increased its holdings in Franklin FTSE Canada ETF by 520.4% in 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 in the last quarter. Finally, Simon Quick Advisors LLC raised its position in Franklin FTSE Canada ETF by 0.3% in the third quarter. Simon Quick Advisors LLC now owns 120,904 shares of the company’s stock valued at $5,489,000 after purchasing an additional 320 shares during the period.

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.