Franklin FTSE Canada ETF (NYSEARCA:FLCA) Reaches New 52-Week High – Should You Buy?

Franklin FTSE Canada ETF (NYSEARCA:FLCA) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $53.35 and last traded at $53.32, with a volume of 4223 shares. The stock had previously closed at $53.04.

Franklin FTSE Canada ETF Trading Up 0.6%

The stock has a fifty day simple moving average of $52.30 and a two-hundred day simple moving average of $51.04. The company has a market cap of $808.94 million, a PE ratio of 19.67 and a beta of 0.84.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Comerica Bank lifted its holdings in Franklin FTSE Canada ETF by 1,557.1% in the fourth quarter. Comerica Bank now owns 812 shares of the company’s stock valued at $39,000 after acquiring an additional 763 shares during the period. Blue Trust Inc. increased its holdings in shares of Franklin FTSE Canada ETF by 1,080.0% in 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. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Franklin FTSE Canada ETF by 84.6% in the second 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 period. Bayban acquired a new stake in shares of Franklin FTSE Canada ETF in the fourth quarter valued at about $70,000. Finally, Kestra Advisory Services LLC purchased a new stake in Franklin FTSE Canada ETF during the fourth quarter worth about $103,000.

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.