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

Franklin FTSE Canada ETF (NYSEARCA:FLCA) shares saw unusually-high trading volume on Monday . 305,587 shares were traded during trading, an increase of 322% from the previous session’s volume of 72,476 shares.The stock last traded at $53.11 and had previously closed at $52.99.

Franklin FTSE Canada ETF Stock Up 0.2%

The stock has a market capitalization of $807.27 million, a PE ratio of 19.67 and a beta of 0.84. The firm has a 50 day moving average price of $52.34 and a 200 day moving average price of $51.10.

Institutional Investors Weigh In On Franklin FTSE Canada ETF

Several institutional investors have recently bought and sold shares of FLCA. Comerica Bank lifted its stake in Franklin FTSE Canada ETF by 1,557.1% during the 4th quarter. Comerica Bank now owns 812 shares of the company’s stock valued at $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% during the 4th quarter. Blue Trust Inc. now owns 826 shares of the company’s stock worth $40,000 after acquiring an additional 756 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Franklin FTSE Canada ETF by 84.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,331 shares of the company’s stock worth $56,000 after acquiring an additional 610 shares in the last quarter. Bayban bought a new stake in shares of Franklin FTSE Canada ETF in the 4th quarter worth $70,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Franklin FTSE Canada ETF in the fourth quarter valued at about $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.