Franklin FTSE Canada ETF (NYSEARCA:FLCA) Reaches New 1-Year High – Should You Buy?

Shares of Franklin FTSE Canada ETF (NYSEARCA:FLCA) hit a new 52-week high on Monday . The company traded as high as $49.07 and last traded at $48.8550, with a volume of 18702 shares. The stock had previously closed at $48.84.

Franklin FTSE Canada ETF Trading Down 0.8%

The stock’s fifty day simple moving average is $46.52 and its 200-day simple moving average is $44.38. The stock has a market capitalization of $556.99 million, a PE ratio of 19.67 and a beta of 0.93.

Institutional Investors Weigh In On Franklin FTSE Canada ETF

A number of large investors have recently added to or reduced their stakes in FLCA. Northwestern Mutual Wealth Management Co. purchased a new stake in Franklin FTSE Canada ETF in the first quarter worth about $27,000. EverSource Wealth Advisors LLC purchased a new position in shares of Franklin FTSE Canada ETF in the third quarter worth $37,000. EP Wealth Advisors LLC purchased a new position in shares of Franklin FTSE Canada ETF in the second quarter valued at $103,000. Values Added Financial LLC purchased a new position in shares of Franklin FTSE Canada ETF during the 3rd quarter worth about $211,000. Finally, Beverly Hills Private Wealth LLC bought a new position in Franklin FTSE Canada ETF in the 3rd quarter worth about $211,000.

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.