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

Shares of Franklin FTSE Canada ETF (NYSEARCA:FLCA) saw unusually-strong trading volume on Friday . Approximately 65,434 shares traded hands during mid-day trading, a decline of 3% from the previous session’s volume of 67,131 shares.The stock last traded at $49.1410 and had previously closed at $49.22.

Franklin FTSE Canada ETF Price Performance

The stock has a market capitalization of $618.21 million, a P/E ratio of 19.67 and a beta of 0.93. The firm has a 50-day simple moving average of $48.67 and a 200 day simple moving average of $45.92.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new position in Franklin FTSE Canada ETF during the second quarter worth about $233,000. Courier Capital LLC increased its holdings in shares of Franklin FTSE Canada ETF by 2.5% in the second quarter. Courier Capital LLC now owns 53,141 shares of the company’s stock worth $2,219,000 after purchasing an additional 1,275 shares during the period. Simon Quick Advisors LLC bought a new position in Franklin FTSE Canada ETF in the 2nd quarter worth about $5,034,000. Elm Partners Management LLC raised its stake in Franklin FTSE Canada ETF by 174.4% in the second quarter. Elm Partners Management LLC now owns 30,758 shares of the company’s stock valued at $1,284,000 after purchasing an additional 19,548 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Franklin FTSE Canada ETF by 12.5% in the 2nd quarter. Bank of Montreal Can now owns 56,623 shares of the company’s stock worth $2,364,000 after buying an additional 6,295 shares during the last quarter.

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.