Magnus Financial Group LLC Acquires New Stake in Freedom 100 Emerging Markets ETF $FRDM

Magnus Financial Group LLC bought a new stake in Freedom 100 Emerging Markets ETF (BATS:FRDM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,615 shares of the company’s stock, valued at approximately $1,022,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Retirement Planning Group LLC grew its position in shares of Freedom 100 Emerging Markets ETF by 1.6% during the third quarter. Retirement Planning Group LLC now owns 2,685,929 shares of the company’s stock worth $187,908,000 after buying an additional 41,811 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Freedom 100 Emerging Markets ETF by 53.6% in the second quarter. Envestnet Asset Management Inc. now owns 725,104 shares of the company’s stock worth $49,446,000 after buying an additional 253,060 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in Freedom 100 Emerging Markets ETF by 18.6% in the first 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 raised its holdings in Freedom 100 Emerging Markets ETF by 4.6% in the first quarter. Janney Montgomery Scott LLC now owns 440,218 shares of the company’s stock valued at $24,058,000 after acquiring an additional 19,205 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in Freedom 100 Emerging Markets ETF by 6.3% in the second quarter. Integrated Wealth Concepts LLC now owns 343,724 shares of the company’s stock valued at $25,058,000 after acquiring an additional 20,332 shares in the last quarter.

Freedom 100 Emerging Markets ETF Price Performance

BATS FRDM opened at $63.17 on Friday. Freedom 100 Emerging Markets ETF has a 12 month low of $45.41 and a 12 month high of $76.90. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94. The company’s fifty day moving average price is $69.11 and its two-hundred day moving average price is $67.89.

Freedom 100 Emerging Markets ETF Cuts Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, September 28th. This is a decrease 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.