Freedom 100 Emerging Markets ETF (BATS:FRDM) Reaches New 1-Year High – What’s Next?

Freedom 100 Emerging Markets ETF (BATS:FRDM)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $63.73 and last traded at $63.49, with a volume of 115413 shares changing hands. The stock had previously closed at $61.73.

Freedom 100 Emerging Markets ETF Price Performance

The company has a market capitalization of $1.87 billion, a PE ratio of 12.68 and a beta of 0.94. The firm’s fifty day simple moving average is $58.09 and its 200 day simple moving average is $52.84.

Institutional Investors Weigh In On Freedom 100 Emerging Markets ETF

Several hedge funds have recently added to or reduced their stakes in FRDM. Mainstay Capital Management LLC ADV purchased a new stake in Freedom 100 Emerging Markets ETF in the fourth quarter valued at $85,418,000. First Heartland Consultants Inc. purchased a new stake in shares of Freedom 100 Emerging Markets ETF during the 2nd quarter worth about $14,632,000. Raymond James Financial Inc. boosted its stake in shares of Freedom 100 Emerging Markets ETF by 63.8% during the 3rd quarter. Raymond James Financial Inc. now owns 743,977 shares of the company’s stock worth $32,966,000 after acquiring an additional 289,860 shares in the last quarter. Enzi Wealth purchased a new stake in shares of Freedom 100 Emerging Markets ETF during the 4th quarter worth about $15,004,000. Finally, Compass Ion Advisors LLC purchased a new stake in shares of Freedom 100 Emerging Markets ETF during the 3rd quarter worth about $11,682,000.

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.