Franklin FTSE Canada ETF (NYSEARCA:FLCA) Hits New 52-Week High – Still a Buy?

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 $51.30 and last traded at $50.2890, with a volume of 2086 shares changing hands. The stock had previously closed at $50.77.

Franklin FTSE Canada ETF Price Performance

The firm has a 50-day moving average of $48.82 and a 200-day moving average of $46.06. The stock has a market cap of $633.10 million, a PE ratio of 19.67 and a beta of 0.93.

Institutional Investors Weigh In On Franklin FTSE Canada ETF

Several institutional investors and hedge funds have recently modified their holdings of FLCA. Bank of Montreal Can boosted its position in shares of Franklin FTSE Canada ETF by 12.5% during the second quarter. Bank of Montreal Can now owns 56,623 shares of the company’s stock worth $2,364,000 after acquiring an additional 6,295 shares during the last quarter. FDx Advisors Inc. purchased a new stake in Franklin FTSE Canada ETF in the 3rd quarter worth $938,000. Courier Capital LLC boosted its holdings in shares of Franklin FTSE Canada ETF by 2.5% during the 2nd quarter. Courier Capital LLC now owns 53,141 shares of the company’s stock valued at $2,219,000 after purchasing an additional 1,275 shares during the last quarter. Elm Partners Management LLC grew its position in shares of Franklin FTSE Canada ETF by 174.4% during the second quarter. Elm Partners Management LLC now owns 30,758 shares of the company’s stock valued at $1,284,000 after purchasing an additional 19,548 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Franklin FTSE Canada ETF by 217.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,588 shares of the company’s stock worth $805,000 after purchasing an additional 12,051 shares during the last quarter.

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.