Intelligence Driven Advisers LLC Makes New $14.79 Million Investment in Freedom 100 Emerging Markets ETF $FRDM

Intelligence Driven Advisers LLC acquired a new stake in Freedom 100 Emerging Markets ETF (BATS:FRDM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 211,409 shares of the company’s stock, valued at approximately $14,790,000. Freedom 100 Emerging Markets ETF makes up 2.6% of Intelligence Driven Advisers LLC’s portfolio, making the stock its 10th largest position. Intelligence Driven Advisers LLC owned about 0.72% of Freedom 100 Emerging Markets ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Retirement Planning Group LLC raised its position in shares of Freedom 100 Emerging Markets ETF by 5.5% during the first quarter. Retirement Planning Group LLC now owns 2,549,629 shares of the company’s stock valued at $139,337,000 after buying an additional 133,481 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Freedom 100 Emerging Markets ETF by 53.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 725,104 shares of the company’s stock valued at $49,446,000 after purchasing an additional 253,060 shares during the last quarter. Aptus Capital Advisors LLC grew its position in shares of Freedom 100 Emerging Markets ETF by 0.3% during the fourth quarter. Aptus Capital Advisors LLC now owns 670,142 shares of the company’s stock valued at $34,358,000 after purchasing an additional 1,924 shares in the last quarter. Integrated Wealth Concepts LLC boosted 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 valued at $25,058,000 after buying an additional 20,332 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in Freedom 100 Emerging Markets ETF by 18.6% during the 1st quarter. Kestra Advisory Services LLC now owns 442,531 shares of the company’s stock valued at $24,184,000 after buying an additional 69,312 shares in the last quarter.

Freedom 100 Emerging Markets ETF Stock Performance

BATS:FRDM traded up $0.16 during trading hours on Friday, reaching $68.92. The stock had a trading volume of 188,089 shares, compared to its average volume of 399,324. The stock has a market capitalization of $2.03 billion, a PE ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a 52 week low of $43.77 and a 52 week high of $76.90. The company has a 50 day moving average price of $69.30 and a two-hundred day moving average price of $67.11.

Freedom 100 Emerging Markets ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were given a $0.2934 dividend. This is a drop from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.3302. This represents a $1.17 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, September 28th.

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.