Redmond Asset Management LLC Grows Position in Franklin FTSE Mexico ETF $FLMX

Redmond Asset Management LLC increased its position in shares of Franklin FTSE Mexico ETF (NYSEARCA:FLMX) by 3.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 14,736 shares of the company’s stock after buying an additional 471 shares during the quarter. Redmond Asset Management LLC’s holdings in Franklin FTSE Mexico ETF were worth $438,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Comprehensive Money Management Services LLC purchased a new position in Franklin FTSE Mexico ETF during the 2nd quarter worth approximately $222,000. Optima Capital LLC acquired a new stake in Franklin FTSE Mexico ETF during the 2nd quarter worth approximately $788,000. Finally, PCG Wealth Advisors LLC lifted its position in Franklin FTSE Mexico ETF by 9.8% during the 1st quarter. PCG Wealth Advisors LLC now owns 85,406 shares of the company’s stock worth $2,138,000 after acquiring an additional 7,613 shares during the period.

Franklin FTSE Mexico ETF Trading Up 1.4%

Franklin FTSE Mexico ETF stock opened at $32.81 on Wednesday. Franklin FTSE Mexico ETF has a twelve month low of $22.86 and a twelve month high of $33.36. The stock has a 50 day moving average of $31.79 and a two-hundred day moving average of $30.11. The stock has a market capitalization of $68.90 million, a price-to-earnings ratio of 12.95 and a beta of 0.91.

About Franklin FTSE Mexico ETF

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.