Franklin FTSE Canada ETF (NYSEARCA:FLCA) Hits New 12-Month High – What’s Next?

Shares of Franklin FTSE Canada ETF (NYSEARCA:FLCA) hit a new 52-week high during mid-day trading on Tuesday . The stock 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 Stock Performance

The company has a market cap of $824.14 million, a P/E ratio of 19.67 and a beta of 0.84. The stock has a 50 day moving average price of $52.42 and a 200 day moving average price of $51.19.

Institutional Investors Weigh In On Franklin FTSE Canada ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in shares of Franklin FTSE Canada ETF by 20.4% during the 1st quarter. Bank of America Corp DE now owns 4,251,730 shares of the company’s stock valued at $208,080,000 after purchasing an additional 720,745 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Franklin FTSE Canada ETF by 2.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,970,219 shares of the company’s stock worth $95,162,000 after purchasing an additional 44,927 shares in the last quarter. Nottingham Advisors Inc. lifted its stake in Franklin FTSE Canada ETF by 2.3% during the first quarter. Nottingham Advisors Inc. now owns 287,509 shares of the company’s stock valued at $14,071,000 after purchasing an additional 6,360 shares during the last quarter. Royal Bank of Canada lifted its stake in Franklin FTSE Canada ETF by 520.4% during the fourth quarter. Royal Bank of Canada now owns 272,728 shares of the company’s stock valued at $13,173,000 after purchasing an additional 228,769 shares during the last quarter. Finally, ES4 LLC acquired a new stake in Franklin FTSE Canada ETF during the fourth quarter valued at approximately $4,588,000.

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.