Franklin FTSE Canada ETF (NYSEARCA:FLCA) Reaches New 12-Month High – Here’s Why

Franklin FTSE Canada ETF (NYSEARCA:FLCA)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $21,474,836.47 and last traded at $44.82, with a volume of 175 shares. The stock had previously closed at $44.58.

Franklin FTSE Canada ETF Price Performance

The firm has a market capitalization of $515.71 million, a P/E ratio of 19.67 and a beta of 0.93. The business’s 50-day moving average is $45.01 and its 200 day moving average is $42.46.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

Hedge funds have recently bought and sold shares of the company. Simon Quick Advisors LLC raised its holdings in Franklin FTSE Canada ETF by 0.3% during the 3rd quarter. Simon Quick Advisors LLC now owns 120,904 shares of the company’s stock worth $5,489,000 after purchasing an additional 320 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Franklin FTSE Canada ETF by 84.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,331 shares of the company’s stock worth $56,000 after purchasing an additional 610 shares during the last quarter. PGIM Custom Harvest LLC raised its holdings in Franklin FTSE Canada ETF by 1.3% during the 2nd quarter. PGIM Custom Harvest LLC now owns 46,153 shares of the company’s stock worth $1,927,000 after purchasing an additional 612 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in Franklin FTSE Canada ETF by 2.4% during the 2nd quarter. 1832 Asset Management L.P. now owns 28,208 shares of the company’s stock worth $1,178,000 after purchasing an additional 663 shares during the last quarter. Finally, AlphaCore Capital LLC bought a new position in Franklin FTSE Canada ETF during the 1st quarter worth approximately $32,000.

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.