Franklin FTSE Canada ETF (NYSEARCA:FLCA) Stock Price Breaks Below 50 Day Moving Average – Should You Sell?

Franklin FTSE Canada ETF (NYSEARCA:FLCA)’s share price passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $53.90 and traded as low as $53.77. Franklin FTSE Canada ETF shares last traded at $53.81, with a volume of 61,092 shares.

Franklin FTSE Canada ETF Stock Performance

The firm has a market capitalization of $850.20 million, a PE ratio of 19.67 and a beta of 0.84. The company’s 50 day simple moving average is $53.90 and its 200-day simple moving average is $52.12.

Institutional Investors Weigh In On Franklin FTSE Canada ETF

A number of large investors have recently added to or reduced their stakes in FLCA. TD Waterhouse Canada Inc. lifted its position in Franklin FTSE Canada ETF by 170.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 3,143 shares of the company’s stock worth $164,000 after buying an additional 1,981 shares during the last quarter. Boltwood Capital Management purchased a new stake in Franklin FTSE Canada ETF in the third quarter worth approximately $211,000. Aureum Wealth Management LLC boosted its stake in Franklin FTSE Canada ETF by 2.7% in the second quarter. Aureum Wealth Management LLC now owns 55,037 shares of the company’s stock worth $2,833,000 after buying an additional 1,467 shares in the last quarter. Bank of America Corp DE grew its position in Franklin FTSE Canada ETF by 20.4% during the first quarter. Bank of America Corp DE now owns 4,251,730 shares of the company’s stock valued at $208,080,000 after acquiring an additional 720,745 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in Franklin FTSE Canada ETF during the first quarter valued at approximately $231,000.

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.