Freedom 100 Emerging Markets ETF (BATS:FRDM) Reaches New 12-Month High – Here’s Why

Freedom 100 Emerging Markets ETF (BATS:FRDM)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $71.15 and last traded at $70.84, with a volume of 34868 shares trading hands. The stock had previously closed at $67.52.

Freedom 100 Emerging Markets ETF Price Performance

The company has a 50-day simple moving average of $60.99 and a 200-day simple moving average of $56.29. The firm has a market cap of $2.09 billion, a PE ratio of 12.68 and a beta of 0.94.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Mainstay Capital Management LLC ADV bought a new stake in shares of Freedom 100 Emerging Markets ETF during the fourth quarter valued at approximately $85,418,000. First Heartland Consultants Inc. bought a new position in Freedom 100 Emerging Markets ETF in the second quarter worth approximately $14,632,000. Raymond James Financial Inc. raised its stake in Freedom 100 Emerging Markets ETF by 63.8% in the third quarter. Raymond James Financial Inc. now owns 743,977 shares of the company’s stock worth $32,966,000 after buying an additional 289,860 shares in the last quarter. Enzi Wealth bought a new position in Freedom 100 Emerging Markets ETF in the fourth quarter worth approximately $15,004,000. Finally, Jane Street Group LLC bought a new position in Freedom 100 Emerging Markets ETF in the fourth quarter worth approximately $12,818,000.

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.