Modern Wealth Management LLC Invests $1.30 Million in Freedom 100 Emerging Markets ETF $FRDM

Modern Wealth Management LLC bought a new position in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 23,311 shares of the company’s stock, valued at approximately $1,302,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FRDM. First Pacific Financial acquired a new stake in shares of Freedom 100 Emerging Markets ETF in the 4th quarter valued at approximately $27,000. Strive Financial Group LLC acquired a new position in Freedom 100 Emerging Markets ETF during the fourth quarter valued at approximately $28,000. Clarity Asset Management Inc. acquired a new position in Freedom 100 Emerging Markets ETF during the fourth quarter valued at approximately $36,000. Steward Partners Investment Advisory LLC grew its holdings in Freedom 100 Emerging Markets ETF by 207.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 716 shares of the company’s stock valued at $37,000 after purchasing an additional 483 shares during the period. Finally, Assetmark Inc. increased its stake in Freedom 100 Emerging Markets ETF by 231.3% in the first quarter. Assetmark Inc. now owns 719 shares of the company’s stock valued at $39,000 after purchasing an additional 502 shares in the last quarter.

Freedom 100 Emerging Markets ETF Stock Performance

Shares of BATS:FRDM opened at $64.68 on Friday. The company has a 50 day moving average price of $69.93 and a two-hundred day moving average price of $62.85. The company has a market capitalization of $1.91 billion, a PE ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a 52 week low of $39.97 and a 52 week high of $76.90.

Freedom 100 Emerging Markets ETF Profile

The Freedom 100 Emerging Markets ETF (FRDM) is an exchange-traded fund that mostly invests in total market equity. FDRM tracks an index that selects and weights exposure to emerging market equities based on personal and economic freedom metrics. FRDM was launched on May 23, 2019 and is managed by Alpha Architect.