Modern Wealth Management LLC Takes $1.30 Million Position in Freedom 100 Emerging Markets ETF $FRDM

Modern Wealth Management LLC purchased a new position in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 23,311 shares of the company’s stock, valued at approximately $1,302,000. Modern Wealth Management LLC owned 0.08% of Freedom 100 Emerging Markets ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. First Pacific Financial acquired a new position in Freedom 100 Emerging Markets ETF in the fourth quarter valued at approximately $27,000. Strive Financial Group LLC bought a new position in Freedom 100 Emerging Markets ETF in the fourth quarter valued at approximately $28,000. Clarity Asset Management Inc. acquired a new stake in Freedom 100 Emerging Markets ETF during the 4th quarter worth $36,000. Steward Partners Investment Advisory LLC grew its holdings in Freedom 100 Emerging Markets ETF by 207.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 716 shares of the company’s stock worth $37,000 after acquiring an additional 483 shares during the period. Finally, Assetmark Inc. raised its position in shares of Freedom 100 Emerging Markets ETF by 231.3% during the 1st quarter. Assetmark Inc. now owns 719 shares of the company’s stock valued at $39,000 after acquiring an additional 502 shares during the last quarter.

Freedom 100 Emerging Markets ETF Stock Performance

Shares of Freedom 100 Emerging Markets ETF stock opened at $64.68 on Friday. The firm has a fifty day moving average of $69.93 and a two-hundred day moving average of $62.85. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a 52 week low of $39.97 and a 52 week high of $76.90.

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.