Islay Capital Management LLC Buys 84,756 Shares of Freedom 100 Emerging Markets ETF $FRDM

Islay Capital Management LLC acquired a new stake in Freedom 100 Emerging Markets ETF (BATS:FRDM) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 84,756 shares of the company’s stock, valued at approximately $5,930,000. Freedom 100 Emerging Markets ETF comprises 2.8% of Islay Capital Management LLC’s holdings, making the stock its 10th largest position. Islay Capital Management LLC owned 0.29% of Freedom 100 Emerging Markets ETF as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Retirement Planning Group LLC raised its position in Freedom 100 Emerging Markets ETF by 1.6% in the third quarter. Retirement Planning Group LLC now owns 2,685,929 shares of the company’s stock worth $187,908,000 after acquiring an additional 41,811 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Freedom 100 Emerging Markets ETF by 53.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 725,104 shares of the company’s stock worth $49,446,000 after acquiring an additional 253,060 shares during the period. Integrated Wealth Concepts LLC increased its holdings in Freedom 100 Emerging Markets ETF by 6.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 343,724 shares of the company’s stock worth $25,058,000 after acquiring an additional 20,332 shares during the last quarter. Kestra Advisory Services LLC raised its stake in Freedom 100 Emerging Markets ETF by 18.6% in the 1st quarter. Kestra Advisory Services LLC now owns 442,531 shares of the company’s stock valued at $24,184,000 after acquiring an additional 69,312 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in Freedom 100 Emerging Markets ETF by 4.6% during the first quarter. Janney Montgomery Scott LLC now owns 440,218 shares of the company’s stock worth $24,058,000 after purchasing an additional 19,205 shares during the period.

Freedom 100 Emerging Markets ETF Trading Up 0.4%

Shares of BATS FRDM traded up $0.28 during midday trading on Tuesday, hitting $64.83. The company’s stock had a trading volume of 83,042 shares, compared to its average volume of 394,779. 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 has a one year low of $45.41 and a one year high of $76.90. The stock has a fifty day moving average price of $69.30 and a 200 day moving average price of $67.70.

Freedom 100 Emerging Markets ETF Cuts Dividend

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

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.