Freedom 100 Emerging Markets ETF (BATS:FRDM) Hits New 52-Week High – Should You Buy?

Freedom 100 Emerging Markets ETF (BATS:FRDM) reached a new 52-week high on Monday . The company traded as high as $69.66 and last traded at $69.08, with a volume of 29649 shares. The stock had previously closed at $68.87.

Freedom 100 Emerging Markets ETF Trading Up 0.7%

The firm has a market capitalization of $2.05 billion, a PE ratio of 12.68 and a beta of 0.94. The business has a fifty day moving average price of $58.91 and a two-hundred day moving average price of $54.63.

Hedge Funds Weigh In On Freedom 100 Emerging Markets ETF

Several institutional investors have recently bought and sold shares of FRDM. Parallel Advisors LLC boosted its stake in shares of Freedom 100 Emerging Markets ETF by 21.5% in the 1st quarter. Parallel Advisors LLC now owns 6,749 shares of the company’s stock valued at $369,000 after buying an additional 1,192 shares during the period. Assetmark Inc. lifted its stake in Freedom 100 Emerging Markets ETF by 231.3% during the first quarter. Assetmark Inc. now owns 719 shares of the company’s stock worth $39,000 after purchasing an additional 502 shares during the last quarter. Independent Financial Group LLC purchased a new stake in Freedom 100 Emerging Markets ETF during the first quarter worth approximately $941,000. Beaumont Financial Advisors LLC lifted its stake in Freedom 100 Emerging Markets ETF by 13.8% during the first quarter. Beaumont Financial Advisors LLC now owns 313,143 shares of the company’s stock worth $17,113,000 after purchasing an additional 37,874 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Freedom 100 Emerging Markets ETF by 3.5% during the first quarter. Geneos Wealth Management Inc. now owns 98,731 shares of the company’s stock worth $5,396,000 after purchasing an additional 3,358 shares during the last quarter.

About Freedom 100 Emerging Markets ETF

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.