Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Large Volume Increase – Here’s Why

Franklin FTSE Canada ETF (NYSEARCA:FLCA) shares saw unusually-high trading volume on Wednesday . Approximately 318,134 shares were traded during trading, an increase of 367% from the previous session’s volume of 68,057 shares.The stock last traded at $55.73 and had previously closed at $55.92.

Franklin FTSE Canada ETF Trading Down 0.3%

The firm has a 50-day moving average of $53.19 and a two-hundred day moving average of $51.75. The firm has a market capitalization of $847.55 million, a P/E ratio of 19.67 and a beta of 0.84.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Comerica Bank lifted its holdings in shares of Franklin FTSE Canada ETF by 1,557.1% in the fourth quarter. Comerica Bank now owns 812 shares of the company’s stock worth $39,000 after acquiring an additional 763 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 during the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Franklin FTSE Canada ETF by 564.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,162 shares of the company’s stock valued at $60,000 after purchasing an additional 987 shares during the last quarter. Bayban acquired a new position in Franklin FTSE Canada ETF during the 4th quarter worth approximately $70,000. Finally, Kestra Advisory Services LLC acquired a new position in Franklin FTSE Canada ETF during the 4th quarter worth approximately $103,000.

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.