Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Strong Trading Volume – Still a Buy?

Franklin FTSE Canada ETF (NYSEARCA:FLCAGet Free Report) shares saw an uptick in trading volume on Monday . 305,587 shares were traded during mid-day trading, an increase of 322% from the previous session’s volume of 72,476 shares.The stock last traded at $53.11 and had previously closed at $52.99.

Franklin FTSE Canada ETF Price Performance

The firm has a fifty day simple moving average of $52.38 and a 200 day simple moving average of $51.15. The company has a market cap of $825.36 million, a price-to-earnings ratio of 19.67 and a beta of 0.84.

Institutional Trading of Franklin FTSE Canada ETF

Large investors have recently modified their holdings of the company. Boltwood Capital Management acquired a new position in Franklin FTSE Canada ETF in the 2nd quarter valued at $208,000. Bank of America Corp DE lifted its position in Franklin FTSE Canada ETF by 20.4% during the 1st quarter. Bank of America Corp DE now owns 4,251,730 shares of the company’s stock worth $208,080,000 after acquiring an additional 720,745 shares during the last quarter. Quantinno Capital Management LP bought a new stake in Franklin FTSE Canada ETF during the first quarter valued at about $231,000. Innealta Capital LLC boosted its holdings in Franklin FTSE Canada ETF by 3.8% during the first quarter. Innealta Capital LLC now owns 74,760 shares of the company’s stock valued at $3,659,000 after acquiring an additional 2,769 shares during the period. Finally, Nottingham Advisors Inc. boosted its holdings in Franklin FTSE Canada ETF by 2.3% during the first quarter. Nottingham Advisors Inc. now owns 287,509 shares of the company’s stock valued at $14,071,000 after acquiring an additional 6,360 shares during the period.

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.

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