Franklin FTSE Canada ETF (NYSEARCA:FLCA) Hits New 1-Year High – Time to Buy?

Franklin FTSE Canada ETF (NYSEARCA:FLCA)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $49.54 and last traded at $49.4650, with a volume of 7434 shares changing hands. The stock had previously closed at $49.18.

Franklin FTSE Canada ETF Trading Up 0.6%

The company’s 50-day moving average is $47.79 and its 200-day moving average is $45.29. The firm has a market cap of $586.11 million, a price-to-earnings ratio of 19.67 and a beta of 0.93.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

A number of institutional investors have recently modified their holdings of the business. Blue Trust Inc. boosted its stake in Franklin FTSE Canada ETF by 1,080.0% in the fourth quarter. Blue Trust Inc. now owns 826 shares of the company’s stock valued at $40,000 after buying an additional 756 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted 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 worth $874,000 after acquiring an additional 269 shares during the last quarter. Flow Traders U.S. LLC boosted its stake in shares of Franklin FTSE Canada ETF by 403.0% in the 3rd quarter. Flow Traders U.S. LLC now owns 36,628 shares of the company’s stock valued at $1,663,000 after purchasing an additional 29,346 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Franklin FTSE Canada ETF by 1.5% in the 3rd quarter. Bank of America Corp DE now owns 3,506,742 shares of the company’s stock valued at $159,216,000 after purchasing an additional 51,324 shares in the last quarter. Finally, Scotia Capital Inc. grew its holdings in shares of Franklin FTSE Canada ETF by 15.9% during the 3rd quarter. Scotia Capital Inc. now owns 14,118 shares of the company’s stock valued at $641,000 after purchasing an additional 1,939 shares during the last quarter.

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.