Hsbc Holdings PLC Decreases Stake in Franklin FTSE Mexico ETF $FLMX

Hsbc Holdings PLC reduced its stake in shares of Franklin FTSE Mexico ETF (NYSEARCA:FLMX) by 5.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 547,550 shares of the company’s stock after selling 28,770 shares during the quarter. Hsbc Holdings PLC owned 0.25% of Franklin FTSE Mexico ETF worth $18,535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in FLMX. PCG Wealth Advisors LLC purchased a new stake in shares of Franklin FTSE Mexico ETF during the third quarter valued at $2,861,000. Bank of America Corp DE raised its stake in Franklin FTSE Mexico ETF by 43.1% in the 3rd quarter. Bank of America Corp DE now owns 15,244 shares of the company’s stock worth $506,000 after acquiring an additional 4,593 shares during the last quarter. Marotta Asset Management raised its stake in Franklin FTSE Mexico ETF by 9.7% in the 4th quarter. Marotta Asset Management now owns 58,309 shares of the company’s stock worth $1,974,000 after acquiring an additional 5,136 shares during the last quarter. HBW Advisory Services LLC lifted its position in Franklin FTSE Mexico ETF by 11.6% during the 4th quarter. HBW Advisory Services LLC now owns 10,927 shares of the company’s stock worth $370,000 after acquiring an additional 1,134 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Franklin FTSE Mexico ETF by 106.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 42,159 shares of the company’s stock worth $1,427,000 after acquiring an additional 21,735 shares during the period.

Franklin FTSE Mexico ETF Stock Performance

Franklin FTSE Mexico ETF stock opened at $37.49 on Friday. The business’s 50-day simple moving average is $38.06 and its two-hundred day simple moving average is $37.10. The company has a market cap of $89.98 million, a PE ratio of 12.95 and a beta of 0.77. Franklin FTSE Mexico ETF has a fifty-two week low of $28.81 and a fifty-two week high of $40.03.

Franklin FTSE Mexico ETF Company Profile

The Franklin FTSE Mexico ETF (FLMX) is an exchange-traded fund that is based on the FTSE Mexico RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Mexican equities. FLMX was launched on Nov 3, 2017 and is managed by Franklin Templeton.