Franklin FTSE Canada ETF (NYSEARCA:FLCA) Reaches New 1-Year High – Still a Buy?

Franklin FTSE Canada ETF (NYSEARCA:FLCA)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $53.35 and last traded at $53.32, with a volume of 4223 shares trading hands. The stock had previously closed at $53.04.

Franklin FTSE Canada ETF Price Performance

The stock has a market capitalization of $809.55 million, a P/E ratio of 19.67 and a beta of 0.84. The company’s 50 day simple moving average is $52.25 and its two-hundred day simple moving average is $50.97.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

Several institutional investors have recently bought and sold shares of FLCA. Wealth Enhancement Advisory Services LLC boosted its stake in Franklin FTSE Canada ETF by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,857 shares of the company’s stock worth $874,000 after purchasing an additional 269 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Franklin FTSE Canada ETF by 84.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,331 shares of the company’s stock valued at $56,000 after buying an additional 610 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Franklin FTSE Canada ETF by 1,080.0% in the fourth quarter. Blue Trust Inc. now owns 826 shares of the company’s stock valued at $40,000 after buying an additional 756 shares during the last quarter. Comerica Bank raised its holdings in shares of Franklin FTSE Canada ETF by 1,557.1% in the fourth quarter. Comerica Bank now owns 812 shares of the company’s stock valued at $39,000 after buying an additional 763 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Franklin FTSE Canada ETF by 5.9% in the fourth quarter. LPL Financial LLC now owns 21,711 shares of the company’s stock valued at $1,049,000 after buying an additional 1,210 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.