Freedom 100 Emerging Markets ETF (BATS:FRDM) Reaches New 12-Month High – Here’s Why

Freedom 100 Emerging Markets ETF (BATS:FRDM) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $71.15 and last traded at $70.84, with a volume of 34868 shares traded. The stock had previously closed at $67.52.

Freedom 100 Emerging Markets ETF Price Performance

The company has a market cap of $2.09 billion, a PE ratio of 12.68 and a beta of 0.94. The company has a 50-day moving average of $60.99 and a 200 day moving average of $56.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Pacific Financial purchased a new position in Freedom 100 Emerging Markets ETF in the fourth quarter worth about $27,000. Strive Financial Group LLC purchased a new position in Freedom 100 Emerging Markets ETF in the fourth quarter worth about $28,000. UMB Bank n.a. grew its position in Freedom 100 Emerging Markets ETF by 200.0% in the third 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. Clarity Asset Management Inc. purchased a new position in Freedom 100 Emerging Markets ETF in the fourth quarter worth about $36,000. Finally, Steward Partners Investment Advisory LLC grew its position in Freedom 100 Emerging Markets ETF by 207.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 716 shares of the company’s stock worth $37,000 after acquiring an additional 483 shares in the last quarter.

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.