Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Large Volume Increase – Should You Buy?

Shares of Franklin FTSE Canada ETF (NYSEARCA:FLCAGet Free Report) 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 Price Performance

The stock has a market capitalization of $772.57 million, a P/E ratio of 19.67 and a beta of 0.84. The company’s 50-day simple moving average is $51.99 and its 200-day simple moving average is $50.51.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC acquired a new stake in shares of Franklin FTSE Canada ETF in the third quarter valued at approximately $37,000. Comerica Bank raised its stake in Franklin FTSE Canada ETF by 1,557.1% in the 4th 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. raised its stake in 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 acquiring an additional 756 shares during the period. Northwestern Mutual Wealth Management Co. lifted 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 valued at $56,000 after purchasing an additional 610 shares during the last quarter. Finally, Bayban acquired a new stake in Franklin FTSE Canada ETF during the 4th quarter valued at $70,000.

Franklin FTSE Canada ETF Company Profile

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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.

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