Innova Wealth Partners Purchases 12,587 Shares of Freedom 100 Emerging Markets ETF $FRDM

Innova Wealth Partners lifted its position in Freedom 100 Emerging Markets ETF (BATS:FRDM) by 101.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,025 shares of the company’s stock after buying an additional 12,587 shares during the quarter. Innova Wealth Partners owned about 0.08% of Freedom 100 Emerging Markets ETF worth $1,751,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC bought a new position in Freedom 100 Emerging Markets ETF during the third quarter valued at approximately $28,000. Capital Analysts LLC acquired a new stake in Freedom 100 Emerging Markets ETF in the second quarter valued at approximately $32,000. Abound Wealth Management bought a new stake in Freedom 100 Emerging Markets ETF in the second quarter worth approximately $36,000. Assetmark Inc. grew its position in Freedom 100 Emerging Markets ETF by 231.3% in the first 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. Finally, Investors Research Corp bought a new stake in Freedom 100 Emerging Markets ETF in the third quarter worth approximately $78,000.

Freedom 100 Emerging Markets ETF Stock Up 0.4%

Shares of FRDM opened at $64.82 on Wednesday. The company’s fifty day moving average is $69.26 and its 200-day moving average is $67.76. Freedom 100 Emerging Markets ETF has a 12 month low of $45.41 and a 12 month high of $76.90. The firm has a market cap of $1.91 billion, a price-to-earnings 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. Investors of record on Monday, September 28th were paid a $0.2934 dividend. This represents a $1.17 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, September 28th. This is a drop 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.