Municipal Employees Retirement System of Michigan Acquires 363,856 Shares of Franklin FTSE Canada ETF (NYSEARCA:FLCA)

Municipal Employees Retirement System of Michigan raised its holdings in shares of Franklin FTSE Canada ETF (NYSEARCA:FLCA) by 13.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,991,017 shares of the company’s stock after acquiring an additional 363,856 shares during the quarter. Franklin FTSE Canada ETF makes up about 1.3% of Municipal Employees Retirement System of Michigan’s investment portfolio, making the stock its 21st biggest position. Municipal Employees Retirement System of Michigan owned about 29.18% of Franklin FTSE Canada ETF worth $103,758,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proquility Private Wealth Partners LLC bought a new stake in Franklin FTSE Canada ETF during the fourth quarter valued at about $2,956,000. Community Bank N.A. grew its position in shares of Franklin FTSE Canada ETF by 319.5% during the fourth quarter. Community Bank N.A. now owns 49,980 shares of the company’s stock valued at $1,661,000 after purchasing an additional 38,065 shares in the last quarter. CX Institutional purchased a new position in shares of Franklin FTSE Canada ETF during the fourth quarter valued at about $13,966,000. Finally, Scotia Capital Inc. purchased a new position in shares of Franklin FTSE Canada ETF during the fourth quarter valued at about $256,000.

Franklin FTSE Canada ETF Price Performance

Shares of Franklin FTSE Canada ETF stock traded down $0.09 during trading on Friday, reaching $33.49. 23,427 shares of the stock traded hands, compared to its average volume of 33,727. The company has a market capitalization of $395.13 million, a price-to-earnings ratio of 14.58 and a beta of 0.90. The business has a fifty day simple moving average of $34.06 and a two-hundred day simple moving average of $33.61. Franklin FTSE Canada ETF has a 52-week low of $28.32 and a 52-week high of $35.67.

Franklin FTSE Canada ETF 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.