Freedom 100 Emerging Markets ETF $FRDM Stock Acquired by Retirement Planning Group LLC

Retirement Planning Group LLC increased its holdings in Freedom 100 Emerging Markets ETF (BATS:FRDM) by 1.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,685,929 shares of the company’s stock after buying an additional 41,811 shares during the quarter. Freedom 100 Emerging Markets ETF comprises approximately 4.3% of Retirement Planning Group LLC’s portfolio, making the stock its 7th largest holding. Retirement Planning Group LLC owned approximately 0.09% of Freedom 100 Emerging Markets ETF worth $187,908,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in Freedom 100 Emerging Markets ETF by 53.6% during the second 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 in the last quarter. Intelligence Driven Advisers LLC bought a new stake in shares of Freedom 100 Emerging Markets ETF in the 3rd quarter valued at approximately $14,790,000. KFG Wealth Management LLC bought a new stake in shares of Freedom 100 Emerging Markets ETF in the 3rd quarter valued at approximately $14,676,000. Signal Advisors Wealth LLC bought a new stake in shares of Freedom 100 Emerging Markets ETF in the 3rd quarter valued at approximately $14,062,000. Finally, Longview Financial Advisors Inc. bought a new stake in shares of Freedom 100 Emerging Markets ETF in the 3rd quarter valued at approximately $12,834,000.

Freedom 100 Emerging Markets ETF Trading Up 1.0%

Shares of FRDM opened at $64.55 on Tuesday. The stock has a market cap of $1.90 billion, a PE ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a 1 year low of $45.41 and a 1 year high of $76.90. The stock has a 50 day simple moving average of $69.30 and a 200-day simple moving average of $67.70.

Freedom 100 Emerging Markets ETF Cuts Dividend

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

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.