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 Wednesday . Approximately 218,592 shares traded hands during trading, an increase of 237% from the previous session’s volume of 64,829 shares.The stock last traded at $50.4110 and had previously closed at $49.92.

Franklin FTSE Canada ETF Trading Up 1.1%

The company has a market capitalization of $633.65 million, a price-to-earnings ratio of 19.67 and a beta of 0.93. The company has a 50 day moving average price of $49.08 and a 200 day moving average price of $46.35.

Institutional Trading of Franklin FTSE Canada ETF

A number of large investors have recently made changes to their positions in FLCA. EverSource Wealth Advisors LLC bought a new stake in shares of Franklin FTSE Canada ETF in the third quarter worth $37,000. Comerica Bank boosted its position in Franklin FTSE Canada ETF by 1,557.1% during the fourth quarter. Comerica Bank now owns 812 shares of the company’s stock valued at $39,000 after purchasing an additional 763 shares during the last quarter. Blue Trust Inc. grew its stake in 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 purchasing an additional 756 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in 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 purchasing an additional 610 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Franklin FTSE Canada ETF during the 4th quarter worth approximately $103,000.

About Franklin FTSE Canada ETF

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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.

Further Reading

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