Islay Capital Management LLC Makes New $5.93 Million Investment in Freedom 100 Emerging Markets ETF $FRDM

Islay Capital Management LLC purchased a new position in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 84,756 shares of the company’s stock, valued at approximately $5,930,000. Freedom 100 Emerging Markets ETF accounts for about 2.8% of Islay Capital Management LLC’s portfolio, making the stock its 10th biggest holding.

Several other large investors have also recently made changes to their positions in the business. Retirement Planning Group LLC grew its position in Freedom 100 Emerging Markets ETF by 1.6% during the 3rd quarter. Retirement Planning Group LLC now owns 2,685,929 shares of the company’s stock worth $187,908,000 after acquiring an additional 41,811 shares during the last quarter. Envestnet Asset Management Inc. raised its position in 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. Integrated Wealth Concepts LLC grew its position in shares of Freedom 100 Emerging Markets ETF by 6.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 343,724 shares of the company’s stock worth $25,058,000 after buying an additional 20,332 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Freedom 100 Emerging Markets ETF by 18.6% during 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. Finally, Janney Montgomery Scott LLC increased its position in Freedom 100 Emerging Markets ETF by 4.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 440,218 shares of the company’s stock valued at $24,058,000 after purchasing an additional 19,205 shares during the period.

Freedom 100 Emerging Markets ETF Stock Up 0.4%

Shares of BATS:FRDM traded up $0.28 during trading on Tuesday, hitting $64.83. The stock had a trading volume of 83,042 shares, compared to its average volume of 394,779. The company has a market capitalization of $1.91 billion, a PE ratio of 12.68 and a beta of 0.94. The firm’s fifty day moving average is $69.30 and its 200 day moving average is $67.70. Freedom 100 Emerging Markets ETF has a 12 month low of $45.41 and a 12 month high of $76.90.

Freedom 100 Emerging Markets ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were given a dividend of $0.2934 per share. This is a drop from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.3302. The ex-dividend date of this dividend was Monday, September 28th. This represents a $1.17 dividend on an annualized basis and a yield of 1.8%.

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.