Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sets New 1-Year High – What’s Next?

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 $49.07 and last traded at $49.0850, with a volume of 617 shares traded. The stock had previously closed at $48.79.

Franklin FTSE Canada ETF Price Performance

The stock has a market cap of $583.66 million, a P/E ratio of 19.67 and a beta of 0.93. The firm’s 50 day moving average price is $47.32 and its 200-day moving average price is $45.00.

Institutional Investors Weigh In On Franklin FTSE Canada ETF

A number of hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its holdings in Franklin FTSE Canada ETF by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,857 shares of the company’s stock valued at $874,000 after purchasing an additional 269 shares during the period. Simon Quick Advisors LLC raised its holdings in Franklin FTSE Canada ETF by 0.3% during the third quarter. Simon Quick Advisors LLC now owns 120,904 shares of the company’s stock valued at $5,489,000 after acquiring an additional 320 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 valued at $56,000 after acquiring an additional 610 shares in the last quarter. PGIM Custom Harvest LLC boosted its stake in shares of Franklin FTSE Canada ETF by 1.3% in the second quarter. PGIM Custom Harvest LLC now owns 46,153 shares of the company’s stock worth $1,927,000 after acquiring an additional 612 shares during the period. Finally, 1832 Asset Management L.P. boosted its stake in shares of Franklin FTSE Canada ETF by 2.4% in the second quarter. 1832 Asset Management L.P. now owns 28,208 shares of the company’s stock worth $1,178,000 after acquiring an additional 663 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.