Intelligence Driven Advisers LLC Cuts Stock Position in Freedom 100 Emerging Markets ETF $FRDM

Intelligence Driven Advisers LLC decreased its position in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 406,284 shares of the company’s stock after selling 16,335 shares during the period. Freedom 100 Emerging Markets ETF accounts for 2.5% of Intelligence Driven Advisers LLC’s holdings, making the stock its 14th biggest position. Intelligence Driven Advisers LLC’s holdings in Freedom 100 Emerging Markets ETF were worth $18,002,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. increased its position in shares of Freedom 100 Emerging Markets ETF by 200.0% during the third quarter. UMB Bank n.a. now owns 600 shares of the company’s stock worth $27,000 after purchasing an additional 400 shares in the last quarter. GoalVest Advisory LLC acquired a new position in Freedom 100 Emerging Markets ETF during the 3rd quarter valued at about $53,000. Root Financial Partners LLC acquired a new position in Freedom 100 Emerging Markets ETF during the 3rd quarter valued at about $138,000. Atlantic Union Bankshares Corp purchased a new stake in Freedom 100 Emerging Markets ETF in the third quarter valued at about $150,000. Finally, Bulwark Capital Corp acquired a new stake in Freedom 100 Emerging Markets ETF in the third quarter worth about $179,000.

Freedom 100 Emerging Markets ETF Stock Performance

Shares of FRDM stock opened at $61.31 on Monday. Freedom 100 Emerging Markets ETF has a fifty-two week low of $30.68 and a fifty-two week high of $61.57. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94. The stock’s 50-day simple moving average is $55.47 and its 200-day simple moving average is $48.94.

Freedom 100 Emerging Markets ETF Company 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.