Freedom 100 Emerging Markets ETF (BATS:FRDM) Sets New 52-Week High – Here’s What Happened

Freedom 100 Emerging Markets ETF (BATS:FRDM) reached a new 52-week high on Monday . The stock traded as high as $64.00 and last traded at $63.83, with a volume of 73221 shares changing hands. The stock had previously closed at $63.14.

Freedom 100 Emerging Markets ETF Price Performance

The company has a market capitalization of $1.86 billion, a P/E ratio of 12.68 and a beta of 0.94. The business has a 50-day moving average of $58.60 and a 200-day moving average of $54.20.

Institutional Investors Weigh In On Freedom 100 Emerging Markets ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FRDM. UMB Bank n.a. boosted its stake in shares of Freedom 100 Emerging Markets ETF by 200.0% during the 3rd quarter. UMB Bank n.a. now owns 600 shares of the company’s stock worth $27,000 after purchasing an additional 400 shares during the period. First Pacific Financial purchased a new stake in Freedom 100 Emerging Markets ETF in the 4th quarter worth about $27,000. Strive Financial Group LLC purchased a new stake in Freedom 100 Emerging Markets ETF in the 4th quarter worth about $28,000. Clarity Asset Management Inc. purchased a new stake in Freedom 100 Emerging Markets ETF in the 4th quarter worth about $36,000. Finally, Steward Partners Investment Advisory LLC raised its position in Freedom 100 Emerging Markets ETF by 207.3% in the 4th 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.

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.