Commonwealth Equity Services LLC Acquires New Holdings in Freedom 100 Emerging Markets ETF $FRDM

Commonwealth Equity Services LLC bought a new stake in Freedom 100 Emerging Markets ETF (BATS:FRDM) in the third quarter, Holdings Channel.com reports. The institutional investor bought 328,480 shares of the company’s stock, valued at approximately $22,980,000.

Several other institutional investors and hedge funds have also modified their holdings of FRDM. Retirement Planning Group LLC lifted its position in shares of 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 buying an additional 41,811 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings 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 buying an additional 253,060 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of Freedom 100 Emerging Markets ETF by 6.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 343,724 shares of the company’s stock worth $25,058,000 after buying an additional 20,332 shares during the period. Beaumont Financial Advisors LLC grew its stake in Freedom 100 Emerging Markets ETF by 13.8% in the 1st quarter. Beaumont Financial Advisors LLC now owns 313,143 shares of the company’s stock valued at $17,113,000 after buying an additional 37,874 shares during the last quarter. Finally, Elwood & Goetz Wealth Advisory Group LLC acquired a new position in Freedom 100 Emerging Markets ETF in the 3rd quarter valued at $21,781,000.

Freedom 100 Emerging Markets ETF Trading Up 4.7%

BATS:FRDM opened at $61.72 on Tuesday. The firm has a market capitalization of $3.19 billion, a PE ratio of 10.45 and a beta of 1.10. Freedom 100 Emerging Markets ETF has a 1 year low of $45.41 and a 1 year high of $76.90. The firm’s fifty day simple moving average is $67.60 and its 200 day simple moving average is $65.00.

Freedom 100 Emerging Markets ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were issued a dividend of $0.2934 per share. This represents a $1.17 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, September 28th. This is a drop from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.3302.

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.