Franklin FTSE Canada ETF (NYSEARCA:FLCA) Hits New 1-Year High – Time to Buy?

Franklin FTSE Canada ETF (NYSEARCA:FLCAGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $54.79 and last traded at $54.76, with a volume of 2619 shares traded. The stock had previously closed at $54.11.

Franklin FTSE Canada ETF Trading Down 0.1%

The firm has a market capitalization of $834.33 million, a P/E ratio of 19.67 and a beta of 0.84. The stock has a 50 day simple moving average of $52.58 and a 200-day simple moving average of $51.34.

Institutional Trading of Franklin FTSE Canada ETF

Several large investors have recently added to or reduced their stakes in FLCA. Northwestern Mutual Wealth Management Co. raised its position in 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 acquiring an additional 610 shares during the period. Raymond James Financial Inc. increased 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 worth $346,000 after purchasing an additional 2,825 shares in the last quarter. Bank of America Corp DE increased its stake in shares of 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 in the last quarter. EP Wealth Advisors LLC bought a new position in Franklin FTSE Canada ETF in the 2nd quarter worth $103,000. Finally, Corient Private Wealth LLC bought a new position in Franklin FTSE Canada ETF in the 2nd quarter worth $225,000.

About Franklin FTSE Canada ETF

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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.

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