IFP Advisors Inc Buys 21,511 Shares of Freedom 100 Emerging Markets ETF $FRDM

IFP Advisors Inc boosted its position in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) by 80.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,154 shares of the company’s stock after purchasing an additional 21,511 shares during the period. IFP Advisors Inc’s holdings in Freedom 100 Emerging Markets ETF were worth $3,499,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. First Heartland Consultants Inc. acquired a new stake in Freedom 100 Emerging Markets ETF in the 2nd quarter valued at $14,632,000. Raymond James Financial Inc. boosted its holdings in shares of Freedom 100 Emerging Markets ETF by 63.8% in the 3rd quarter. Raymond James Financial Inc. now owns 743,977 shares of the company’s stock valued at $32,966,000 after buying an additional 289,860 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Freedom 100 Emerging Markets ETF in the 4th quarter valued at approximately $12,818,000. KFG Wealth Management LLC bought a new position in shares of Freedom 100 Emerging Markets ETF in the first quarter valued at $10,299,000. Finally, Krilogy Financial LLC bought a new position in shares of Freedom 100 Emerging Markets ETF in the first quarter valued at $7,903,000.

Freedom 100 Emerging Markets ETF Trading Down 2.3%

Shares of FRDM opened at $70.05 on Friday. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a 1-year low of $43.40 and a 1-year high of $76.90. The company’s fifty day simple moving average is $67.66 and its 200 day simple moving average is $65.33.

Freedom 100 Emerging Markets ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Monday, June 29th were given a $0.3302 dividend. This is a boost from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, June 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.9%.

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.