Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Large Volume Increase – What’s Next?

Franklin FTSE Canada ETF (NYSEARCA:FLCA) saw an uptick in trading volume on Thursday . 207,992 shares changed hands during mid-day trading, an increase of 105% from the previous session’s volume of 101,584 shares.The stock last traded at $48.40 and had previously closed at $48.97.

Franklin FTSE Canada ETF Stock Down 1.8%

The stock has a fifty day moving average of $50.01 and a 200-day moving average of $47.48. The stock has a market cap of $603.40 million, a PE ratio of 19.67 and a beta of 0.93.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC acquired a new position in shares of Franklin FTSE Canada ETF in the third quarter valued at approximately $37,000. Comerica Bank grew its position in Franklin FTSE Canada ETF by 1,557.1% in the 4th 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. Blue Trust Inc. increased its stake in Franklin FTSE Canada ETF by 1,080.0% in the 4th 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 period. Northwestern Mutual Wealth Management Co. increased its stake in Franklin FTSE Canada ETF by 84.6% in the 2nd 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 during the period. Finally, Bayban purchased a new position in Franklin FTSE Canada ETF during the 4th quarter worth $70,000.

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.