Franklin FTSE Canada ETF (NYSEARCA:FLCA) Hits New 12-Month High – Time to Buy?

Shares of Franklin FTSE Canada ETF (NYSEARCA:FLCA) hit a new 52-week high on Monday . The company traded as high as $49.07 and last traded at $48.8550, with a volume of 18702 shares trading hands. The stock had previously closed at $48.84.

Franklin FTSE Canada ETF Stock Down 0.8%

The stock has a market capitalization of $556.99 million, a price-to-earnings ratio of 19.67 and a beta of 0.93. The company’s 50-day moving average is $46.52 and its 200-day moving average is $44.38.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of Franklin FTSE Canada ETF by 1.5% in the third quarter. Bank of America Corp DE now owns 3,506,742 shares of the company’s stock worth $159,216,000 after acquiring an additional 51,324 shares in the last quarter. Nottingham Advisors Inc. raised its stake in shares of Franklin FTSE Canada ETF by 3.0% in the 3rd quarter. Nottingham Advisors Inc. now owns 290,990 shares of the company’s stock worth $13,212,000 after buying an additional 8,462 shares in the last quarter. Simon Quick Advisors LLC boosted its holdings in Franklin FTSE Canada ETF by 0.3% during the third quarter. Simon Quick Advisors LLC now owns 120,904 shares of the company’s stock worth $5,489,000 after buying an additional 320 shares in the last quarter. Bank of Montreal Can increased its position in shares of Franklin FTSE Canada ETF by 12.5% in the second quarter. Bank of Montreal Can now owns 56,623 shares of the company’s stock worth $2,364,000 after acquiring an additional 6,295 shares in the last quarter. Finally, Courier Capital LLC raised its position in Franklin FTSE Canada ETF by 2.5% during the second quarter. Courier Capital LLC now owns 53,141 shares of the company’s stock valued at $2,219,000 after buying an additional 1,275 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.