United Advisor Group LLC Purchases 125,924 Shares of Freedom 100 Emerging Markets ETF $FRDM

United Advisor Group LLC purchased a new stake in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 125,924 shares of the company’s stock, valued at approximately $8,810,000. Freedom 100 Emerging Markets ETF accounts for about 0.8% of United Advisor Group LLC’s portfolio, making the stock its 22nd biggest holding.

Several other hedge funds have also added to or reduced their stakes in the company. Angeles Wealth Management LLC increased its position in Freedom 100 Emerging Markets ETF by 52.0% in the second quarter. Angeles Wealth Management LLC now owns 44,475 shares of the company’s stock worth $3,257,000 after purchasing an additional 15,218 shares during the period. Stillwater Private Wealth LLC acquired a new position in Freedom 100 Emerging Markets ETF during the 1st quarter valued at about $1,081,000. VectorGlobal IAG Inc. acquired a new position in Freedom 100 Emerging Markets ETF during the 1st quarter valued at about $1,898,000. Integrated Wealth Concepts LLC lifted its position in 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 valued at $25,058,000 after purchasing an additional 20,332 shares during the period. Finally, Retirement Planning Group LLC boosted its stake in shares of Freedom 100 Emerging Markets ETF by 5.5% in the 1st quarter. Retirement Planning Group LLC now owns 2,549,629 shares of the company’s stock valued at $139,337,000 after purchasing an additional 133,481 shares during the last quarter.

Freedom 100 Emerging Markets ETF Price Performance

Shares of BATS FRDM traded up $1.15 during mid-day trading on Friday, hitting $58.97. The company’s stock had a trading volume of 524,238 shares, compared to its average volume of 391,799. The stock has a market cap of $1.74 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 company’s fifty day simple moving average is $67.74 and its 200-day simple moving average is $64.98.

Freedom 100 Emerging Markets ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors 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 2.0%. This is a negative change from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.3302. The ex-dividend date of this dividend was Monday, September 28th.

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.