Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Strong Trading Volume – What’s Next?

Franklin FTSE Canada ETF (NYSEARCA:FLCAGet Free Report) saw unusually-strong trading volume on Wednesday . 318,134 shares changed hands during mid-day trading, an increase of 367% from the previous session’s volume of 68,057 shares.The stock last traded at $55.73 and had previously closed at $55.92.

Franklin FTSE Canada ETF Price Performance

The company has a market capitalization of $845.27 million, a P/E ratio of 19.67 and a beta of 0.84. The firm has a fifty day moving average price of $53.32 and a 200-day moving average price of $51.84.

Institutional Investors Weigh In On Franklin FTSE Canada ETF

Hedge funds have recently made changes to their positions in the business. Comerica Bank grew its position in Franklin FTSE Canada ETF by 1,557.1% during the fourth quarter. Comerica Bank now owns 812 shares of the company’s stock valued at $39,000 after buying an additional 763 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Franklin FTSE Canada ETF by 84.6% in the second 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 during the period. TD Waterhouse Canada Inc. boosted its stake in Franklin FTSE Canada ETF by 564.0% in the second quarter. TD Waterhouse Canada Inc. now owns 1,162 shares of the company’s stock valued at $60,000 after acquiring an additional 987 shares during the last quarter. Bayban purchased a new position in Franklin FTSE Canada ETF in the fourth quarter valued at about $70,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Franklin FTSE Canada ETF during the 4th quarter valued at approximately $103,000.

Franklin FTSE Canada ETF Company Profile

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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.

Further Reading

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