Franklin FTSE Canada ETF (NYSEARCA:FLCA) Reaches New 1-Year High – Time to Buy?

Franklin FTSE Canada ETF (NYSEARCA:FLCA) reached a new 52-week high on Wednesday . The stock traded as high as $52.84 and last traded at $51.72, with a volume of 22070 shares trading hands. The stock had previously closed at $52.61.

Franklin FTSE Canada ETF Trading Down 1.7%

The firm has a market capitalization of $721.49 million, a price-to-earnings ratio of 19.67 and a beta of 0.87. The firm has a 50 day moving average price of $50.23 and a two-hundred day moving average price of $48.36.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nottingham Advisors Inc. boosted its holdings in Franklin FTSE Canada ETF by 2.3% in the 1st quarter. Nottingham Advisors Inc. now owns 287,509 shares of the company’s stock worth $14,071,000 after acquiring an additional 6,360 shares during the period. Bayban purchased a new position in Franklin FTSE Canada ETF in the 4th quarter worth approximately $70,000. Sierra Capital LLC purchased a new position in Franklin FTSE Canada ETF in the 4th quarter worth approximately $201,000. Cetera Investment Advisers boosted its holdings in Franklin FTSE Canada ETF by 11.2% in the 4th quarter. Cetera Investment Advisers now owns 28,303 shares of the company’s stock worth $1,367,000 after acquiring an additional 2,845 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Franklin FTSE Canada ETF by 520.4% in the 4th quarter. Royal Bank of Canada now owns 272,728 shares of the company’s stock worth $13,173,000 after acquiring an additional 228,769 shares during the period.

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.