Franklin FTSE Canada ETF (NYSEARCA:FLCA) Reaches New 12-Month High – Here’s What Happened

Franklin FTSE Canada ETF (NYSEARCA:FLCA)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $48.64 and last traded at $48.6160, with a volume of 7023 shares traded. The stock had previously closed at $48.01.

Franklin FTSE Canada ETF Trading Up 0.1%

The stock’s 50 day moving average is $46.31 and its 200 day moving average is $44.22. The stock has a market capitalization of $559.22 million, a price-to-earnings ratio of 19.67 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FLCA. Flow Traders U.S. LLC raised its position in shares of Franklin FTSE Canada ETF by 122.8% during the 1st quarter. Flow Traders U.S. LLC now owns 13,530 shares of the company’s stock worth $504,000 after purchasing an additional 7,458 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Franklin FTSE Canada ETF by 30.8% in the first quarter. 1832 Asset Management L.P. now owns 27,545 shares of the company’s stock worth $1,025,000 after acquiring an additional 6,486 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Franklin FTSE Canada ETF in the first quarter valued at $27,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Franklin FTSE Canada ETF in the second quarter valued at $233,000. Finally, Courier Capital LLC boosted its stake in shares of Franklin FTSE Canada ETF by 2.5% during the second quarter. Courier Capital LLC now owns 53,141 shares of the company’s stock valued at $2,219,000 after acquiring an additional 1,275 shares during the last quarter.

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.