Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Strong Trading Volume – Time to Buy?

Shares of Franklin FTSE Canada ETF (NYSEARCA:FLCA) saw an uptick in trading volume on Friday . Approximately 244,334 shares changed hands during mid-day trading, an increase of 232% from the previous session’s volume of 73,517 shares.The stock last traded at $51.57 and had previously closed at $51.84.

Franklin FTSE Canada ETF Stock Performance

The company has a market cap of $738.45 million, a price-to-earnings ratio of 19.67 and a beta of 0.84. The company’s 50 day moving average price is $52.05 and its 200 day moving average price is $50.37.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

Several hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Franklin FTSE Canada ETF by 84.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,331 shares of the company’s stock worth $56,000 after buying an additional 610 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Franklin FTSE Canada ETF by 51.6% in the 2nd quarter. Raymond James Financial Inc. now owns 8,298 shares of the company’s stock valued at $346,000 after acquiring an additional 2,825 shares in the last quarter. Bank of America Corp DE lifted its holdings in Franklin FTSE Canada ETF by 1.2% in the 2nd quarter. Bank of America Corp DE now owns 3,455,418 shares of the company’s stock worth $144,264,000 after purchasing an additional 39,684 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in Franklin FTSE Canada ETF in the 2nd quarter worth approximately $103,000. Finally, Corient Private Wealth LLC bought a new stake in Franklin FTSE Canada ETF during the second quarter worth approximately $225,000.

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.