Freedom 100 Emerging Markets ETF $FRDM Stock: Investment Planning Advisors Inc. Decreases Stake

Investment Planning Advisors Inc. trimmed its position in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) by 22.8% during the third quarter, Holdings Channel.com reports. The firm owned 317,800 shares of the company’s stock after selling 93,618 shares during the period. Freedom 100 Emerging Markets ETF accounts for 5.0% of Investment Planning Advisors Inc.’s holdings, making the stock its 9th biggest position. Investment Planning Advisors Inc.’s holdings in Freedom 100 Emerging Markets ETF were worth $22,233,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. XY Planning Network Inc. increased its stake in Freedom 100 Emerging Markets ETF by 1.8% during the 2nd quarter. XY Planning Network Inc. now owns 9,441 shares of the company’s stock valued at $688,000 after purchasing an additional 168 shares in the last quarter. Lord & Richards Wealth Management LLC increased its position in shares of Freedom 100 Emerging Markets ETF by 0.9% during the second quarter. Lord & Richards Wealth Management LLC now owns 35,078 shares of the company’s stock worth $2,557,000 after acquiring an additional 311 shares in the last quarter. Western Wealth Management LLC increased its position in shares of Freedom 100 Emerging Markets ETF by 3.7% during the first quarter. Western Wealth Management LLC now owns 10,325 shares of the company’s stock worth $564,000 after acquiring an additional 370 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in shares of Freedom 100 Emerging Markets ETF in the 3rd quarter worth about $28,000. Finally, Capital Analysts LLC acquired a new stake in shares of Freedom 100 Emerging Markets ETF in the 2nd quarter worth about $32,000.

Freedom 100 Emerging Markets ETF Trading Down 2.2%

Shares of BATS:FRDM traded down $1.51 during mid-day trading on Wednesday, hitting $65.92. 151,596 shares of the company traded hands, compared to its average volume of 397,657. The stock has a 50-day moving average price of $69.44 and a two-hundred day moving average price of $67.38. Freedom 100 Emerging Markets ETF has a 12-month low of $45.40 and a 12-month high of $76.90. The stock has a market cap of $1.94 billion, a P/E ratio of 12.68 and a beta of 0.94.

Freedom 100 Emerging Markets ETF Cuts Dividend

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

About Freedom 100 Emerging Markets ETF

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.