Franklin FTSE Canada ETF (NYSEARCA:FLCA) Stock Price Down 0.6% – Should You Sell?

Franklin FTSE Canada ETF (NYSEARCA:FLCA)’s share price dropped 0.6% during mid-day trading on Friday . The company traded as low as $37.80 and last traded at $37.99. Approximately 19,486 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 29,060 shares. The stock had previously closed at $38.23.

Franklin FTSE Canada ETF Trading Down 0.6 %

The firm has a market cap of $448.29 million, a P/E ratio of 14.58 and a beta of 0.90. The business’s fifty day simple moving average is $37.29 and its 200-day simple moving average is $35.42.

Institutional Investors Weigh In On Franklin FTSE Canada ETF

A number of large investors have recently added to or reduced their stakes in the company. Nottingham Advisors Inc. grew its holdings in Franklin FTSE Canada ETF by 6.2% in the 3rd quarter. Nottingham Advisors Inc. now owns 361,772 shares of the company’s stock worth $13,619,000 after acquiring an additional 21,116 shares during the last quarter. Proquility Private Wealth Partners LLC boosted its stake in shares of Franklin FTSE Canada ETF by 15.9% during the 3rd quarter. Proquility Private Wealth Partners LLC now owns 109,646 shares of the company’s stock valued at $4,128,000 after purchasing an additional 15,016 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of Franklin FTSE Canada ETF by 76.0% during the 2nd quarter. National Bank of Canada FI now owns 56,552 shares of the company’s stock valued at $1,942,000 after purchasing an additional 24,426 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in shares of Franklin FTSE Canada ETF during the 3rd quarter valued at about $40,000.

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.