Envestnet Asset Management Inc. Reduces Position in Franklin FTSE Canada ETF (NYSEARCA:FLCA)

Envestnet Asset Management Inc. trimmed its holdings in shares of Franklin FTSE Canada ETF (NYSEARCA:FLCA) by 13.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,805 shares of the company’s stock after selling 2,038 shares during the quarter. Envestnet Asset Management Inc. owned 0.12% of Franklin FTSE Canada ETF worth $477,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Community Bank N.A. increased its position in shares of Franklin FTSE Canada ETF by 23.1% during the first quarter. Community Bank N.A. now owns 94,808 shares of the company’s stock worth $3,528,000 after acquiring an additional 17,804 shares during the last quarter. Susquehanna International Group LLP increased its position in shares of Franklin FTSE Canada ETF by 88.0% during the fourth quarter. Susquehanna International Group LLP now owns 78,756 shares of the company’s stock worth $2,882,000 after acquiring an additional 36,862 shares during the last quarter. National Bank of Canada FI increased its position in shares of Franklin FTSE Canada ETF by 1,431.0% during the fourth quarter. National Bank of Canada FI now owns 54,640 shares of the company’s stock worth $2,000,000 after acquiring an additional 51,071 shares during the last quarter. Courier Capital LLC increased its position in shares of Franklin FTSE Canada ETF by 148.6% during the first quarter. Courier Capital LLC now owns 51,866 shares of the company’s stock worth $1,930,000 after acquiring an additional 31,001 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Franklin FTSE Canada ETF by 35.8% during the fourth quarter. Bank of Montreal Can now owns 48,973 shares of the company’s stock worth $1,792,000 after acquiring an additional 12,920 shares during the last quarter.

Franklin FTSE Canada ETF Stock Up 0.7%

Shares of Franklin FTSE Canada ETF stock opened at $42.26 on Wednesday. The firm has a market cap of $443.73 million, a P/E ratio of 19.67 and a beta of 0.99. Franklin FTSE Canada ETF has a fifty-two week low of $33.06 and a fifty-two week high of $42.60. The business has a 50-day moving average price of $41.62 and a 200 day moving average price of $39.11.

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.