Thrivent Financial for Lutherans Cuts Position in Freedom 100 Emerging Markets ETF $FRDM

Thrivent Financial for Lutherans decreased its position in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) by 79.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,704 shares of the company’s stock after selling 57,777 shares during the period. Thrivent Financial for Lutherans’ holdings in Freedom 100 Emerging Markets ETF were worth $652,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ellevest Inc. boosted its holdings in shares of Freedom 100 Emerging Markets ETF by 458.6% in the 2nd quarter. Ellevest Inc. now owns 1,140,983 shares of the company’s stock worth $46,096,000 after purchasing an additional 936,741 shares in the last quarter. First Heartland Consultants Inc. bought a new stake in Freedom 100 Emerging Markets ETF in the 2nd quarter worth approximately $14,632,000. Envestnet Asset Management Inc. boosted its stake in Freedom 100 Emerging Markets ETF by 527.5% in the second quarter. Envestnet Asset Management Inc. now owns 356,976 shares of the company’s stock worth $14,422,000 after buying an additional 300,091 shares in the last quarter. Compass Ion Advisors LLC bought a new position in Freedom 100 Emerging Markets ETF during the third quarter valued at approximately $11,682,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Freedom 100 Emerging Markets ETF by 12.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,438,388 shares of the company’s stock worth $58,111,000 after acquiring an additional 154,256 shares in the last quarter.

Freedom 100 Emerging Markets ETF Stock Performance

Shares of FRDM opened at $60.40 on Tuesday. Freedom 100 Emerging Markets ETF has a fifty-two week low of $30.68 and a fifty-two week high of $61.57. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94. The firm has a 50 day moving average price of $54.61 and a 200-day moving average price of $48.39.

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.