Kestra Advisory Services LLC Purchases New Holdings in Freedom 100 Emerging Markets ETF $FRDM

Kestra Advisory Services LLC purchased a new position in Freedom 100 Emerging Markets ETF (BATS:FRDM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 545,801 shares of the company’s stock, valued at approximately $38,184,000. Kestra Advisory Services LLC owned approximately 1.85% of Freedom 100 Emerging Markets ETF as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Commonwealth Equity Services LLC acquired a new stake in shares of Freedom 100 Emerging Markets ETF in the third quarter valued at $22,980,000. Elwood & Goetz Wealth Advisory Group LLC acquired a new position in Freedom 100 Emerging Markets ETF during the 3rd quarter worth $21,781,000. Beaumont Financial Advisors LLC acquired a new position in Freedom 100 Emerging Markets ETF during the 3rd quarter worth $20,752,000. Envestnet Asset Management Inc. increased its holdings 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 worth $49,446,000 after purchasing an additional 253,060 shares during the period. Finally, Intelligence Driven Advisers LLC purchased a new stake in Freedom 100 Emerging Markets ETF during the 3rd quarter worth about $14,790,000.

Freedom 100 Emerging Markets ETF Stock Up 2.0%

BATS FRDM traded up $1.15 during trading hours on Friday, hitting $58.97. 524,238 shares of the company were exchanged, compared to its average volume of 391,799. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94. The company has a 50 day moving average of $67.74 and a two-hundred day moving average of $64.98. Freedom 100 Emerging Markets ETF has a 52-week low of $45.41 and a 52-week 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. Stockholders 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. This represents a $1.17 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, September 28th.

Freedom 100 Emerging Markets ETF 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.