Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Unusually-High Trading Volume – Should You Buy?

Franklin FTSE Canada ETF (NYSEARCA:FLCA) saw unusually-high trading volume on Friday . Approximately 244,334 shares traded 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 $737.59 million, a P/E ratio of 19.67 and a beta of 0.84. The business’s fifty day moving average is $52.04 and its two-hundred day moving average is $50.38.

Institutional Trading of Franklin FTSE Canada ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Franklin FTSE Canada ETF by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,857 shares of the company’s stock valued at $874,000 after purchasing an additional 269 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Franklin FTSE Canada ETF by 84.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,331 shares of the company’s stock valued at $56,000 after purchasing an additional 610 shares in the last quarter. Blue Trust Inc. raised its position in Franklin FTSE Canada ETF by 1,080.0% during the 4th quarter. Blue Trust Inc. now owns 826 shares of the company’s stock valued at $40,000 after purchasing an additional 756 shares in the last quarter. Comerica Bank lifted its holdings in shares of 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 period. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of Franklin FTSE Canada ETF in the 3rd quarter worth $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.