Intelligence Driven Advisers LLC Decreases Stake in Freedom 100 Emerging Markets ETF $FRDM

Intelligence Driven Advisers LLC lowered its stake in Freedom 100 Emerging Markets ETF (BATS:FRDM) by 33.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 230,078 shares of the company’s stock after selling 115,564 shares during the period. Freedom 100 Emerging Markets ETF comprises 2.2% of Intelligence Driven Advisers LLC’s holdings, making the stock its 12th largest position. Intelligence Driven Advisers LLC’s holdings in Freedom 100 Emerging Markets ETF were worth $12,574,000 at the end of the most recent reporting period.

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

Freedom 100 Emerging Markets ETF Price Performance

FRDM opened at $64.68 on Monday. Freedom 100 Emerging Markets ETF has a one year low of $39.97 and a one year high of $76.90. The business has a 50 day simple moving average of $69.93 and a two-hundred day simple moving average of $62.92. The firm 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 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.