Franklin FTSE Canada ETF (NYSEARCA:FLCA) Reaches New 12-Month High – What’s Next?

Shares of Franklin FTSE Canada ETF (NYSEARCA:FLCA) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $45.93 and last traded at $45.89, with a volume of 4258 shares changing hands. The stock had previously closed at $45.46.

Franklin FTSE Canada ETF Stock Performance

The company has a market cap of $501.51 million, a price-to-earnings ratio of 19.67 and a beta of 0.99. The business’s 50 day moving average price is $43.70 and its 200-day moving average price is $41.04.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in shares of Franklin FTSE Canada ETF by 1.2% during the 2nd quarter. Bank of America Corp DE now owns 3,455,418 shares of the company’s stock worth $144,264,000 after buying an additional 39,684 shares during the period. Simon Quick Advisors LLC acquired a new position in Franklin FTSE Canada ETF during the second quarter worth $5,034,000. Community Bank N.A. grew its holdings in shares of Franklin FTSE Canada ETF by 23.1% in the 1st quarter. Community Bank N.A. now owns 94,808 shares of the company’s stock worth $3,528,000 after purchasing an additional 17,804 shares during the last quarter. Bank of Montreal Can boosted its position in Franklin FTSE Canada ETF by 12.5% in the second quarter. Bank of Montreal Can now owns 56,623 shares of the company’s stock valued at $2,364,000 after buying an additional 6,295 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in Franklin FTSE Canada ETF by 2.3% in the first quarter. National Bank of Canada FI now owns 55,884 shares of the company’s stock valued at $2,101,000 after buying an additional 1,244 shares in 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.