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

Franklin FTSE Canada ETF (NYSEARCA:FLCA)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $53.22 and last traded at $53.22, with a volume of 7675 shares traded. The stock had previously closed at $53.09.

Franklin FTSE Canada ETF Trading Up 0.3%

The company has a market cap of $761.62 million, a P/E ratio of 19.67 and a beta of 0.84. The stock’s 50 day moving average is $51.87 and its 200-day moving average is $50.13.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

A number of hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its position in Franklin FTSE Canada ETF by 1.5% in 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 during the last quarter. Northwestern Mutual Wealth Management Co. raised 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 worth $56,000 after buying an additional 610 shares during the last quarter. Blue Trust Inc. raised its position in Franklin FTSE Canada ETF by 1,080.0% in the 4th quarter. Blue Trust Inc. now owns 826 shares of the company’s stock worth $40,000 after buying an additional 756 shares during the last quarter. Comerica Bank raised its position in Franklin FTSE Canada ETF by 1,557.1% in the 4th quarter. Comerica Bank now owns 812 shares of the company’s stock worth $39,000 after buying an additional 763 shares during the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new position in Franklin FTSE Canada ETF in the 3rd quarter worth about $37,000.

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.