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

Franklin FTSE Canada ETF (NYSEARCA:FLCA) saw unusually-high trading volume on Friday . Approximately 65,434 shares changed hands during mid-day trading, a decline of 3% from the previous session’s volume of 67,131 shares.The stock last traded at $49.1410 and had previously closed at $49.22.

Franklin FTSE Canada ETF Stock Performance

The stock has a market capitalization of $615.88 million, a P/E ratio of 19.67 and a beta of 0.93. The business has a 50-day moving average price of $48.63 and a 200 day moving average price of $45.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FLCA. Bank of Montreal Can grew its stake in shares of Franklin FTSE Canada ETF by 12.5% in the 2nd quarter. Bank of Montreal Can now owns 56,623 shares of the company’s stock worth $2,364,000 after buying an additional 6,295 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Franklin FTSE Canada ETF during the second quarter valued at approximately $233,000. FDx Advisors Inc. bought a new stake in shares of Franklin FTSE Canada ETF in the 3rd quarter valued at approximately $938,000. Courier Capital LLC lifted its stake in shares of Franklin FTSE Canada ETF by 2.5% in the 2nd quarter. Courier Capital LLC now owns 53,141 shares of the company’s stock valued at $2,219,000 after purchasing an additional 1,275 shares during the last quarter. Finally, Elm Partners Management LLC increased its position in shares of Franklin FTSE Canada ETF by 174.4% during the 2nd quarter. Elm Partners Management LLC now owns 30,758 shares of the company’s stock valued at $1,284,000 after purchasing an additional 19,548 shares during the last quarter.

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.