Freedom 100 Emerging Markets ETF $FRDM Stock Sold by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC reduced its holdings in Freedom 100 Emerging Markets ETF (BATS:FRDM) by 52.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 129,717 shares of the company’s stock after selling 142,798 shares during the period. Freedom 100 Emerging Markets ETF comprises approximately 1.6% of Commonwealth Financial Services LLC’s portfolio, making the stock its 13th biggest holding. Commonwealth Financial Services LLC’s holdings in Freedom 100 Emerging Markets ETF were worth $9,075,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. XY Planning Network Inc. lifted its stake in Freedom 100 Emerging Markets ETF by 1.8% in the second quarter. XY Planning Network Inc. now owns 9,441 shares of the company’s stock worth $688,000 after purchasing an additional 168 shares during the last quarter. Lord & Richards Wealth Management LLC increased its holdings in Freedom 100 Emerging Markets ETF by 0.9% during the second quarter. Lord & Richards Wealth Management LLC now owns 35,078 shares of the company’s stock valued at $2,557,000 after buying an additional 311 shares during the period. Western Wealth Management LLC lifted its stake in shares of Freedom 100 Emerging Markets ETF by 3.7% during the 1st quarter. Western Wealth Management LLC now owns 10,325 shares of the company’s stock worth $564,000 after purchasing an additional 370 shares during the last quarter. CoreCap Advisors LLC purchased a new stake in shares of Freedom 100 Emerging Markets ETF during the third quarter valued at about $28,000. Finally, Capital Analysts LLC bought a new stake in shares of Freedom 100 Emerging Markets ETF in the 2nd quarter valued at about $32,000.

Freedom 100 Emerging Markets ETF Stock Up 0.4%

Shares of BATS FRDM traded up $0.28 during trading hours on Tuesday, hitting $64.83. 83,042 shares of the stock were exchanged, compared to its average volume of 394,779. Freedom 100 Emerging Markets ETF has a 12 month low of $45.41 and a 12 month high of $76.90. The firm has a fifty day moving average price of $69.30 and a 200-day moving average price of $67.70. The company has a market cap of $1.91 billion, a PE ratio of 12.68 and a beta of 0.94.

Freedom 100 Emerging Markets ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were paid a $0.2934 dividend. The ex-dividend date was Monday, September 28th. This is a negative change from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.3302. This represents a $1.17 annualized dividend and a dividend yield of 1.8%.

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.