Trademark Financial Management LLC Makes New $7.34 Million Investment in Freedom 100 Emerging Markets ETF $FRDM

Trademark Financial Management LLC purchased a new position in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 104,931 shares of the company’s stock, valued at approximately $7,341,000. Freedom 100 Emerging Markets ETF accounts for 3.0% of Trademark Financial Management LLC’s holdings, making the stock its 11th largest position.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Retirement Planning Group LLC lifted its stake in Freedom 100 Emerging Markets ETF by 1.6% during the 3rd quarter. Retirement Planning Group LLC now owns 2,685,929 shares of the company’s stock worth $187,908,000 after acquiring an additional 41,811 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Freedom 100 Emerging Markets ETF by 53.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 725,104 shares of the company’s stock valued at $49,446,000 after acquiring an additional 253,060 shares in the last quarter. Kestra Advisory Services LLC grew its position in Freedom 100 Emerging Markets ETF by 18.6% in the 1st quarter. Kestra Advisory Services LLC now owns 442,531 shares of the company’s stock valued at $24,184,000 after acquiring an additional 69,312 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Freedom 100 Emerging Markets ETF by 4.6% during the first quarter. Janney Montgomery Scott LLC now owns 440,218 shares of the company’s stock worth $24,058,000 after purchasing an additional 19,205 shares during the period. Finally, Integrated Wealth Concepts LLC increased its stake in Freedom 100 Emerging Markets ETF by 6.3% during the second quarter. Integrated Wealth Concepts LLC now owns 343,724 shares of the company’s stock worth $25,058,000 after purchasing an additional 20,332 shares during the period.

Freedom 100 Emerging Markets ETF Stock Performance

Shares of FRDM opened at $63.64 on Monday. The stock has a market capitalization of $1.88 billion, a PE ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a 1 year low of $45.41 and a 1 year high of $76.90. The company’s 50-day simple moving average is $69.01 and its 200-day simple moving average is $67.95.

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 issued a $0.2934 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 1.8%. This is a decrease from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.3302. The ex-dividend date was Monday, September 28th.

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.