Ergawealth Advisors Inc. Purchases 838 Shares of Franklin FTSE Mexico ETF (NYSEARCA:FLMX)

Ergawealth Advisors Inc. raised its position in shares of Franklin FTSE Mexico ETF (NYSEARCA:FLMX) by 7.1% in the fourth quarter, HoldingsChannel reports. The firm owned 12,587 shares of the company’s stock after buying an additional 838 shares during the quarter. Ergawealth Advisors Inc.’s holdings in Franklin FTSE Mexico ETF were worth $417,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FLMX. UBS Group AG bought a new position in shares of Franklin FTSE Mexico ETF during the 4th quarter valued at approximately $26,000. Bank of America Corp DE purchased a new stake in shares of Franklin FTSE Mexico ETF in the fourth quarter worth $27,000. Integrated Wealth Concepts LLC purchased a new position in shares of Franklin FTSE Mexico ETF during the 2nd quarter valued at $225,000. Advisor Group Holdings Inc. boosted its holdings in Franklin FTSE Mexico ETF by 15.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 10,303 shares of the company’s stock worth $284,000 after buying an additional 1,387 shares during the period. Finally, Flow Traders U.S. LLC purchased a new stake in Franklin FTSE Mexico ETF in the 1st quarter worth $382,000.

Franklin FTSE Mexico ETF Stock Down 2.1 %

NYSEARCA FLMX traded down $0.70 during trading hours on Tuesday, reaching $32.02. The company’s stock had a trading volume of 15,960 shares, compared to its average volume of 12,142. The firm’s 50-day moving average price is $33.07 and its 200-day moving average price is $31.38. Franklin FTSE Mexico ETF has a 1 year low of $26.06 and a 1 year high of $34.85. The company has a market capitalization of $38.42 million, a price-to-earnings ratio of 12.28 and a beta of 1.01.

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.