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

Franklin FTSE Canada ETF (NYSEARCA:FLCA) shares reached a new 52-week high on Tuesday . The stock traded as high as $53.35 and last traded at $53.32, with a volume of 4223 shares trading hands. The stock had previously closed at $53.04.

Franklin FTSE Canada ETF Stock Up 0.4%

The stock’s 50-day moving average price is $52.25 and its 200-day moving average price is $50.97. The company has a market capitalization of $809.55 million, a price-to-earnings ratio of 19.67 and a beta of 0.84.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in Franklin FTSE Canada ETF by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,857 shares of the company’s stock worth $874,000 after buying an additional 269 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position 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 valued at $56,000 after buying an additional 610 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Franklin FTSE Canada ETF by 1,080.0% in the 4th quarter. Blue Trust Inc. now owns 826 shares of the company’s stock valued at $40,000 after buying an additional 756 shares during the period. Comerica Bank increased its stake in shares of Franklin FTSE Canada ETF by 1,557.1% in the 4th quarter. Comerica Bank now owns 812 shares of the company’s stock valued at $39,000 after buying an additional 763 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Franklin FTSE Canada ETF by 5.9% in the 4th quarter. LPL Financial LLC now owns 21,711 shares of the company’s stock valued at $1,049,000 after buying an additional 1,210 shares during the period.

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.