Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sets New 12-Month High – Time to Buy?

Franklin FTSE Canada ETF (NYSEARCA:FLCA)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $53.22 and last traded at $53.22, with a volume of 7675 shares changing hands. The stock had previously closed at $53.09.

Franklin FTSE Canada ETF Price Performance

The firm has a market cap of $761.62 million, a PE ratio of 19.67 and a beta of 0.84. The firm has a 50-day simple moving average of $51.87 and a 200 day simple moving average of $50.13.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new position in Franklin FTSE Canada ETF during the third quarter valued at $37,000. Comerica Bank boosted its stake in Franklin FTSE Canada ETF by 1,557.1% in the 4th quarter. Comerica Bank now owns 812 shares of the company’s stock worth $39,000 after purchasing an additional 763 shares in the last quarter. Blue Trust Inc. boosted its stake in Franklin FTSE Canada ETF by 1,080.0% in the 4th quarter. Blue Trust Inc. now owns 826 shares of the company’s stock worth $40,000 after purchasing an additional 756 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Franklin FTSE Canada ETF by 84.6% in the 2nd 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 in the last quarter. Finally, Bayban bought a new position in Franklin FTSE Canada ETF in 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.