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

Shares of Franklin FTSE Canada ETF (NYSEARCA:FLCA) saw unusually-strong trading volume on Friday . 244,334 shares were traded during mid-day trading, an increase of 232% from the previous session’s volume of 73,517 shares.The stock last traded at $51.57 and had previously closed at $51.84.

Franklin FTSE Canada ETF Price Performance

The stock’s 50 day moving average price is $52.05 and its two-hundred day moving average price is $50.37. The firm has a market capitalization of $738.45 million, a price-to-earnings ratio of 19.67 and a beta of 0.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FLCA. EverSource Wealth Advisors LLC bought a new stake in Franklin FTSE Canada ETF during the third quarter valued at about $37,000. Comerica Bank grew its position in shares of Franklin FTSE Canada ETF by 1,557.1% in the fourth quarter. Comerica Bank now owns 812 shares of the company’s stock valued at $39,000 after purchasing an additional 763 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Franklin FTSE Canada ETF by 1,080.0% in the fourth quarter. Blue Trust Inc. now owns 826 shares of the company’s stock worth $40,000 after purchasing an additional 756 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake 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 worth $56,000 after purchasing an additional 610 shares during the period. Finally, Bayban acquired a new position in shares of Franklin FTSE Canada ETF during the 4th quarter worth about $70,000.

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.