Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Unusually-High Trading Volume – Here’s Why

Franklin FTSE Canada ETF (NYSEARCA:FLCA) shares saw unusually-high trading volume on Wednesday . Approximately 318,134 shares changed hands during mid-day trading, an increase of 367% from the previous session’s volume of 68,057 shares.The stock last traded at $55.73 and had previously closed at $55.92.

Franklin FTSE Canada ETF Price Performance

The firm has a market cap of $847.55 million, a P/E ratio of 19.67 and a beta of 0.84. The company’s 50-day moving average is $53.19 and its two-hundred day moving average is $51.75.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of Franklin FTSE Canada ETF by 20.4% during the 1st quarter. Bank of America Corp DE now owns 4,251,730 shares of the company’s stock worth $208,080,000 after acquiring an additional 720,745 shares in the last quarter. JPMorgan Chase & Co. raised its position in Franklin FTSE Canada ETF by 2.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,970,219 shares of the company’s stock valued at $95,162,000 after purchasing an additional 44,927 shares in the last quarter. Nottingham Advisors Inc. raised its position in Franklin FTSE Canada ETF by 2.3% during the first quarter. Nottingham Advisors Inc. now owns 287,509 shares of the company’s stock valued at $14,071,000 after purchasing an additional 6,360 shares in the last quarter. Royal Bank of Canada lifted its stake in Franklin FTSE Canada ETF by 520.4% during the fourth quarter. Royal Bank of Canada now owns 272,728 shares of the company’s stock worth $13,173,000 after purchasing an additional 228,769 shares during the last quarter. Finally, ES4 LLC bought a new stake in Franklin FTSE Canada ETF during the fourth quarter worth $4,588,000.

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.