Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Franklin FTSE Canada ETF (NYSEARCA:FLCA) saw strong trading volume on Monday . Approximately 190,243 shares traded hands during mid-day trading, an increase of 150% from the previous session’s volume of 76,121 shares.The stock last traded at $51.90 and had previously closed at $51.67.

Franklin FTSE Canada ETF Trading Up 0.3%

The company has a market cap of $772.57 million, a price-to-earnings ratio of 19.67 and a beta of 0.84. The business’s 50 day moving average price is $51.99 and its 200-day moving average price is $50.51.

Institutional Investors Weigh In On Franklin FTSE Canada ETF

A number of institutional investors have recently made changes to their positions in FLCA. Wealth Enhancement Advisory Services LLC raised its stake in Franklin FTSE Canada ETF by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,857 shares of the company’s stock worth $874,000 after purchasing an additional 269 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Franklin FTSE Canada ETF by 84.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,331 shares of the company’s stock worth $56,000 after buying an additional 610 shares in the last quarter. Blue Trust Inc. increased its stake 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 worth $40,000 after acquiring an additional 756 shares during the period. Comerica Bank increased its stake in Franklin FTSE Canada ETF by 1,557.1% during the 4th quarter. Comerica Bank now owns 812 shares of the company’s stock worth $39,000 after acquiring an additional 763 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new position in Franklin FTSE Canada ETF in the 3rd quarter valued at $37,000.

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.