Freedom 100 Emerging Markets ETF (BATS:FRDM) Reaches New 12-Month High – What’s Next?

Freedom 100 Emerging Markets ETF (BATS:FRDM) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $76.90 and last traded at $76.19, with a volume of 363727 shares trading hands. The stock had previously closed at $76.09.

Freedom 100 Emerging Markets ETF Stock Performance

The company has a market capitalization of $2.25 billion, a P/E ratio of 12.68 and a beta of 0.94. The stock’s fifty day moving average price is $67.70 and its 200-day moving average price is $59.79.

Institutional Trading of Freedom 100 Emerging Markets ETF

Several institutional investors and hedge funds have recently bought and sold shares of FRDM. Western Wealth Management LLC lifted its position in shares of Freedom 100 Emerging Markets ETF by 3.7% in the first quarter. Western Wealth Management LLC now owns 10,325 shares of the company’s stock valued at $564,000 after buying an additional 370 shares during the last quarter. Stillwater Private Wealth LLC acquired a new position in shares of Freedom 100 Emerging Markets ETF during the 1st quarter worth approximately $1,081,000. Parallel Advisors LLC raised its stake in Freedom 100 Emerging Markets ETF by 21.5% in the 1st quarter. Parallel Advisors LLC now owns 6,749 shares of the company’s stock valued at $369,000 after acquiring an additional 1,192 shares during the period. NewEdge Advisors LLC raised its stake in Freedom 100 Emerging Markets ETF by 9.7% in the 1st quarter. NewEdge Advisors LLC now owns 40,837 shares of the company’s stock valued at $2,232,000 after acquiring an additional 3,618 shares during the period. Finally, Maripau Wealth Management LLC lifted its holdings in Freedom 100 Emerging Markets ETF by 1.7% during the 1st quarter. Maripau Wealth Management LLC now owns 48,289 shares of the company’s stock valued at $2,639,000 after purchasing an additional 792 shares during 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.