Freedom 100 Emerging Markets ETF $FRDM Shares Newly Acquired by Intelligence Driven Advisers LLC

Intelligence Driven Advisers LLC purchased a new position in Freedom 100 Emerging Markets ETF (BATS:FRDM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 211,409 shares of the company’s stock, valued at approximately $14,790,000. Freedom 100 Emerging Markets ETF makes up 2.6% of Intelligence Driven Advisers LLC’s portfolio, making the stock its 10th largest position.

Several other institutional investors have also modified their holdings of FRDM. CoreCap Advisors LLC bought a new position in shares of Freedom 100 Emerging Markets ETF during the 3rd quarter valued at approximately $28,000. Capital Analysts LLC bought a new position in shares of Freedom 100 Emerging Markets ETF during the 2nd quarter worth $32,000. Abound Wealth Management purchased a new position in Freedom 100 Emerging Markets ETF during the 2nd quarter valued at about $36,000. Clarity Asset Management Inc. bought a new position in Freedom 100 Emerging Markets ETF in the fourth quarter worth approximately $36,000. Finally, Assetmark Inc. raised its position in shares of Freedom 100 Emerging Markets ETF by 231.3% in the 1st quarter. Assetmark Inc. now owns 719 shares of the company’s stock worth $39,000 after acquiring an additional 502 shares in the last quarter.

Freedom 100 Emerging Markets ETF Price Performance

Shares of FRDM stock traded up $0.16 during mid-day trading on Friday, hitting $68.92. 188,089 shares of the stock traded hands, compared to its average volume of 399,324. Freedom 100 Emerging Markets ETF has a 52-week low of $43.77 and a 52-week high of $76.90. The stock’s fifty day moving average is $69.30 and its two-hundred day moving average is $67.11. The stock has a market cap of $2.03 billion, a P/E ratio of 12.68 and a beta of 0.94.

Freedom 100 Emerging Markets ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were given a $0.2934 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, September 28th. This is a negative change from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.3302.

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.