Franklin FTSE Canada ETF (NYSEARCA:FLCA) Hits New 1-Year High – What’s Next?

Franklin FTSE Canada ETF (NYSEARCA:FLCA) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $55.89 and last traded at $55.86, with a volume of 15999 shares trading hands. The stock had previously closed at $55.44.

Key Franklin FTSE Canada ETF News

Here are the key news stories impacting Franklin FTSE Canada ETF this week:

• Positive Sentiment: Canada announced financial support for businesses and workers affected by the trade dispute. These measures could cushion employment, corporate earnings and domestic economic activity, partly limiting the downside for Canadian equities. Canada announces retaliatory tariffs on $20 billion worth of US goods, unveils support measures
• Neutral Sentiment: Bank of America said the direct effect of the trade breakdown on Canadian growth may be modest, but warned that reduced business confidence and damage to prospects for renewing USMCA could create a larger, longer-term risk. US-Canada trade collapse a modest direct hit, Bank of America says
• Negative Sentiment: Canada imposed roughly C$27.6 billion in retaliatory tariffs on U.S. goods, matching new U.S. duties dollar-for-dollar. The escalation raises the risk of higher costs, disrupted supply chains and weaker earnings for Canadian companies with significant U.S. exposure. Canada announces retaliatory tariffs as trade war with US heats up
• Negative Sentiment: The United States is threatening 50% tariffs on Canadian automobiles, auto parts and steel beginning January 2027 after trade talks collapsed. The measures could weigh particularly on Canadian industrial and materials companies held by FLCA. Trump threatens tariffs on all cars and trucks to 50% amid Canada trade spat
• Negative Sentiment: Analysts and former trade officials say a near-term agreement appears unlikely, while further threats involving Canadian electricity and mineral exports highlight the potential for prolonged volatility. Former Trade Adviser Warns a U.S.-Canada Deal Is Unlikely Anytime Soon

Franklin FTSE Canada ETF Stock Performance

The firm has a market cap of $849.68 million, a P/E ratio of 19.67 and a beta of 0.84. The business’s 50-day simple moving average is $53.13 and its 200 day simple moving average is $51.70.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

Several institutional investors and hedge funds have recently bought and sold shares of FLCA. Bank of America Corp DE increased its position in Franklin FTSE Canada ETF by 20.4% in the first quarter. Bank of America Corp DE now owns 4,251,730 shares of the company’s stock worth $208,080,000 after buying an additional 720,745 shares in the last quarter. Royal Bank of Canada grew its stake in shares of 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 valued at $13,173,000 after acquiring an additional 228,769 shares during the period. ES4 LLC bought a new position in shares of Franklin FTSE Canada ETF during the 4th quarter valued at approximately $4,588,000. Wells Fargo & Company MN increased its holdings in Franklin FTSE Canada ETF by 2,881,250.0% in the 4th quarter. Wells Fargo & Company MN now owns 57,627 shares of the company’s stock worth $2,783,000 after acquiring an additional 57,625 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Franklin FTSE Canada ETF by 2.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,970,219 shares of the company’s stock worth $95,162,000 after acquiring an additional 44,927 shares in the last quarter.

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.