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

Franklin FTSE Canada ETF (NYSEARCA:FLCA) shares saw unusually-strong trading volume on Wednesday . 86,607 shares changed hands during mid-day trading, an increase of 18% from the previous session’s volume of 73,694 shares.The stock last traded at $52.85 and had previously closed at $52.85.

Franklin FTSE Canada ETF Trading Down 0.2%

The business has a 50 day simple moving average of $52.11 and a two-hundred day simple moving average of $50.77. The company has a market cap of $799.70 million, a PE ratio of 19.67 and a beta of 0.84.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

Several large investors have recently added to or reduced their stakes in FLCA. Bank of America Corp DE grew its holdings in Franklin FTSE Canada ETF by 20.4% in the 1st quarter. Bank of America Corp DE now owns 4,251,730 shares of the company’s stock valued at $208,080,000 after buying an additional 720,745 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Franklin FTSE Canada ETF by 2.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,970,219 shares of the company’s stock worth $95,162,000 after acquiring an additional 44,927 shares during the period. Nottingham Advisors Inc. boosted its position in shares of Franklin FTSE Canada ETF by 2.3% in the first 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 last quarter. Royal Bank of Canada boosted its position in shares of Franklin FTSE Canada ETF by 520.4% in the fourth 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 last quarter. Finally, ES4 LLC purchased a new stake in Franklin FTSE Canada ETF in the fourth quarter valued at approximately $4,588,000.

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.