Redmond Asset Management LLC Buys 2,994 Shares of Franklin FTSE Mexico ETF (NYSEARCA:FLMX)

Redmond Asset Management LLC grew its stake in Franklin FTSE Mexico ETF (NYSEARCA:FLMX) by 37.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,913 shares of the company’s stock after acquiring an additional 2,994 shares during the quarter. Redmond Asset Management LLC owned 0.75% of Franklin FTSE Mexico ETF worth $251,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of FLMX. Eagle Bay Advisors LLC bought a new stake in shares of Franklin FTSE Mexico ETF during the fourth quarter valued at approximately $34,000. Evolution Wealth Advisors LLC bought a new stake in shares of Franklin FTSE Mexico ETF in the 4th quarter worth $606,000. Jane Street Group LLC purchased a new position in shares of Franklin FTSE Mexico ETF in the third quarter worth $1,199,000. Marotta Asset Management lifted its holdings in shares of Franklin FTSE Mexico ETF by 10.5% during the fourth quarter. Marotta Asset Management now owns 59,717 shares of the company’s stock valued at $1,403,000 after purchasing an additional 5,688 shares in the last quarter. Finally, PCG Wealth Advisors LLC boosted its position in shares of Franklin FTSE Mexico ETF by 1.9% during the fourth quarter. PCG Wealth Advisors LLC now owns 77,793 shares of the company’s stock valued at $1,789,000 after buying an additional 1,448 shares during the last quarter.

Franklin FTSE Mexico ETF Stock Performance

Shares of NYSEARCA:FLMX opened at $25.46 on Friday. The firm has a market cap of $36.92 million, a price-to-earnings ratio of 13.13 and a beta of 0.88. The business has a 50-day simple moving average of $24.22 and a two-hundred day simple moving average of $25.55. Franklin FTSE Mexico ETF has a fifty-two week low of $22.86 and a fifty-two week high of $34.85.

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.