Freedom 100 Emerging Markets ETF (BATS:FRDM) Sets New 1-Year High – Should You Buy?

Freedom 100 Emerging Markets ETF (BATS:FRDM) reached a new 52-week high on Tuesday . The stock traded as high as $60.35 and last traded at $59.55, with a volume of 58062 shares traded. The stock had previously closed at $60.04.

Freedom 100 Emerging Markets ETF Price Performance

The stock has a market capitalization of $1.76 billion, a PE ratio of 12.68 and a beta of 0.94. The company has a 50 day moving average price of $53.46 and a 200-day moving average price of $47.69.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Retirement Planning Group LLC lifted its position in shares of Freedom 100 Emerging Markets ETF by 0.6% in the 4th quarter. Retirement Planning Group LLC now owns 2,416,148 shares of the company’s stock worth $123,876,000 after purchasing an additional 15,469 shares during the period. Mainstay Capital Management LLC ADV bought a new position in Freedom 100 Emerging Markets ETF in the fourth quarter worth about $85,418,000. Northwestern Mutual Wealth Management Co. raised its stake in Freedom 100 Emerging Markets ETF by 8.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,580,643 shares of the company’s stock worth $81,040,000 after buying an additional 120,307 shares in the last quarter. Ellevest Inc. lifted its holdings in Freedom 100 Emerging Markets ETF by 458.6% in the second quarter. Ellevest Inc. now owns 1,140,983 shares of the company’s stock worth $46,096,000 after buying an additional 936,741 shares during the period. Finally, Tanglewood Wealth Management Inc. boosted its position in Freedom 100 Emerging Markets ETF by 0.7% during the 4th quarter. Tanglewood Wealth Management Inc. now owns 1,124,159 shares of the company’s stock valued at $57,636,000 after acquiring an additional 8,128 shares in the last quarter.

About Freedom 100 Emerging Markets ETF

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.