Hsbc Holdings PLC Sells 28,770 Shares of Franklin FTSE Mexico ETF $FLMX

Hsbc Holdings PLC trimmed its position in Franklin FTSE Mexico ETF (NYSEARCA:FLMX) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. PCG Wealth Advisors LLC boosted its position in shares of Franklin FTSE Mexico ETF by 17.5% in the fourth quarter. PCG Wealth Advisors LLC now owns 101,275 shares of the company’s stock valued at $3,428,000 after acquiring an additional 15,053 shares during the period. ES4 LLC bought a new position in Franklin FTSE Mexico ETF during the fourth quarter worth about $472,000. HBW Advisory Services LLC increased its position in Franklin FTSE Mexico ETF by 11.6% during the fourth 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. 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 purchasing an additional 5,136 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Franklin FTSE Mexico ETF by 106.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 42,159 shares of the company’s stock worth $1,427,000 after purchasing an additional 21,735 shares in the last quarter.

Franklin FTSE Mexico ETF Stock Down 1.7%

NYSEARCA FLMX opened at $36.55 on Wednesday. The firm has a 50-day moving average price of $37.82 and a two-hundred day moving average price of $37.25. Franklin FTSE Mexico ETF has a 12-month low of $28.81 and a 12-month high of $40.03. The company has a market capitalization of $84.06 million, a P/E ratio of 12.95 and a beta of 0.77.

Franklin FTSE Mexico ETF 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.