Freedom 100 Emerging Markets ETF (BATS:FRDM) Sets New 1-Year High – Time to Buy?

Freedom 100 Emerging Markets ETF (BATS:FRDM) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $61.90 and last traded at $61.1650, with a volume of 126230 shares traded. The stock had previously closed at $61.31.

Freedom 100 Emerging Markets ETF Trading Down 0.7%

The company has a 50 day moving average of $55.47 and a 200 day moving average of $48.94. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94.

Institutional Investors Weigh In On Freedom 100 Emerging Markets ETF

Several large investors have recently made changes to their positions in FRDM. Parallel Advisors LLC lifted its holdings in Freedom 100 Emerging Markets ETF by 4.5% during the 3rd quarter. Parallel Advisors LLC now owns 5,554 shares of the company’s stock valued at $246,000 after purchasing an additional 237 shares during the last quarter. Warren Street Wealth Advisors LLC increased its holdings in shares of Freedom 100 Emerging Markets ETF by 4.2% during the third quarter. Warren Street Wealth Advisors LLC now owns 6,070 shares of the company’s stock worth $269,000 after buying an additional 242 shares in the last quarter. Comerica Bank raised its stake in shares of Freedom 100 Emerging Markets ETF by 13.9% in the third quarter. Comerica Bank now owns 2,734 shares of the company’s stock valued at $121,000 after acquiring an additional 333 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Freedom 100 Emerging Markets ETF by 1.2% in the 4th quarter. IFP Advisors Inc now owns 28,217 shares of the company’s stock worth $1,447,000 after acquiring an additional 344 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Freedom 100 Emerging Markets ETF by 200.0% in the 3rd quarter. UMB Bank n.a. now owns 600 shares of the company’s stock worth $27,000 after acquiring an additional 400 shares in the last quarter.

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.