Franklin FTSE Canada ETF (NYSEARCA:FLCA) Reaches New 12-Month High – Still a Buy?

Franklin FTSE Canada ETF (NYSEARCA:FLCA) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $53.66 and last traded at $53.40, with a volume of 524 shares changing hands. The stock had previously closed at $52.99.

Franklin FTSE Canada ETF Price Performance

The stock has a 50-day moving average price of $52.35 and a 200 day moving average price of $51.12. The company has a market cap of $810.31 million, a price-to-earnings ratio of 19.67 and a beta of 0.84.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

A number of large investors have recently bought and sold shares of the company. Sage Advisory Services Ltd.Co. acquired a new position in shares of Franklin FTSE Canada ETF during the 4th quarter worth about $1,955,000. ES4 LLC bought a new position in shares of Franklin FTSE Canada ETF in the fourth quarter valued at $4,588,000. Aureum Wealth Management LLC acquired a new position in Franklin FTSE Canada ETF during the fourth quarter worth $2,039,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Franklin FTSE Canada ETF in the fourth quarter valued at approximately $628,000. Finally, Csenge Advisory Group grew its stake in Franklin FTSE Canada ETF by 158.4% in the 4th quarter. Csenge Advisory Group now owns 32,188 shares of the company’s stock valued at $1,555,000 after buying an additional 19,729 shares during the last quarter.

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.