Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sets New 12-Month High – What’s Next?

Franklin FTSE Canada ETF (NYSEARCA:FLCA)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $46.55 and last traded at $46.6280, with a volume of 606 shares trading hands. The stock had previously closed at $46.23.

Franklin FTSE Canada ETF Stock Up 1.0%

The company’s 50 day moving average is $45.38 and its 200 day moving average is $43.18. The firm has a market capitalization of $534.72 million, a price-to-earnings ratio of 19.67 and a beta of 0.93.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Franklin FTSE Canada ETF in the first quarter valued at approximately $27,000. EverSource Wealth Advisors LLC acquired a new position in Franklin FTSE Canada ETF in the 3rd quarter valued at $37,000. AlphaCore Capital LLC bought a new stake in shares of Franklin FTSE Canada ETF during the 1st quarter valued at $32,000. EP Wealth Advisors LLC bought a new stake in shares of Franklin FTSE Canada ETF during the 2nd quarter valued at $103,000. Finally, Beverly Hills Private Wealth LLC acquired a new stake in shares of Franklin FTSE Canada ETF during the 3rd quarter worth $211,000.

Franklin FTSE Canada ETF Company Profile

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.