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

Shares of Franklin FTSE Canada ETF (NYSEARCA:FLCA) saw strong trading volume on Thursday . 324,466 shares changed hands during trading, an increase of 343% from the previous session’s volume of 73,223 shares.The stock last traded at $51.73 and had previously closed at $51.39.

Franklin FTSE Canada ETF Price Performance

The stock’s fifty day simple moving average is $49.41 and its two-hundred day simple moving average is $46.68. The company has a market capitalization of $649.21 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 hedge funds and other institutional investors have recently bought and sold shares of FLCA. Bank of America Corp DE grew its holdings in shares of Franklin FTSE Canada ETF by 1.5% during the third 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 during the last quarter. JPMorgan Chase & Co. boosted its position in Franklin FTSE Canada ETF by 2.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,970,219 shares of the company’s stock valued at $95,162,000 after purchasing an additional 44,927 shares during the period. Nottingham Advisors Inc. grew its stake in Franklin FTSE Canada ETF by 3.0% during the 3rd quarter. Nottingham Advisors Inc. now owns 290,990 shares of the company’s stock worth $13,212,000 after buying an additional 8,462 shares during the last quarter. Royal Bank of Canada grew its stake in Franklin FTSE Canada ETF by 520.4% during the 4th quarter. Royal Bank of Canada now owns 272,728 shares of the company’s stock worth $13,173,000 after buying an additional 228,769 shares during the last quarter. Finally, Simon Quick Advisors LLC increased its position in Franklin FTSE Canada ETF by 0.3% in the third quarter. Simon Quick Advisors LLC now owns 120,904 shares of the company’s stock worth $5,489,000 after buying an additional 320 shares during the period.

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.