Invst LLC Has $16.59 Million Stock Position in Freedom 100 Emerging Markets ETF $FRDM

Invst LLC reduced its stake in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) by 9.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 323,659 shares of the company’s stock after selling 34,796 shares during the period. Freedom 100 Emerging Markets ETF makes up approximately 1.8% of Invst LLC’s holdings, making the stock its 14th biggest holding. Invst LLC’s holdings in Freedom 100 Emerging Markets ETF were worth $16,594,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in 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 buying an additional 400 shares during the period. First Pacific Financial acquired a new stake in Freedom 100 Emerging Markets ETF during the 4th quarter worth approximately $27,000. CoreCap Advisors LLC raised its holdings in Freedom 100 Emerging Markets ETF by 111.1% during the 4th quarter. CoreCap Advisors LLC now owns 950 shares of the company’s stock worth $49,000 after buying an additional 500 shares during the period. Millstone Evans Group LLC raised its holdings in Freedom 100 Emerging Markets ETF by 99.7% during the 4th quarter. Millstone Evans Group LLC now owns 1,266 shares of the company’s stock worth $65,000 after buying an additional 632 shares during the period. Finally, JPL Wealth Management LLC acquired a new stake in Freedom 100 Emerging Markets ETF during the 3rd quarter worth approximately $96,000.

Freedom 100 Emerging Markets ETF Stock Performance

Shares of FRDM stock opened at $66.74 on Friday. The company has a market capitalization of $1.97 billion, a P/E ratio of 12.68 and a beta of 0.94. The company’s 50 day moving average price is $64.00 and its two-hundred day moving average price is $57.77. Freedom 100 Emerging Markets ETF has a 52 week low of $38.02 and a 52 week high of $74.86.

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.