Freedom 100 Emerging Markets ETF (BATS:FRDM) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Freedom 100 Emerging Markets ETF (BATS:FRDM) shares passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $64.75 and traded as high as $65.92. Freedom 100 Emerging Markets ETF shares last traded at $65.72, with a volume of 186,537 shares trading hands.

Freedom 100 Emerging Markets ETF Price Performance

The company’s fifty day simple moving average is $68.57 and its 200-day simple moving average is $64.84. The firm has a market capitalization of $1.83 billion, a PE ratio of 12.68 and a beta of 0.94.

Freedom 100 Emerging Markets ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were paid a $0.2934 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 1.9%. This is a drop from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.3302. The ex-dividend date was Monday, September 28th.

Institutional Investors Weigh In On Freedom 100 Emerging Markets ETF

A number of large investors have recently modified their holdings of the business. Lunt Capital Management Inc. grew its position in shares of Freedom 100 Emerging Markets ETF by 0.5% during the 3rd quarter. Lunt Capital Management Inc. now owns 52,444 shares of the company’s stock valued at $3,669,000 after acquiring an additional 236 shares during the period. Wright Wealth LLC increased its stake in shares of Freedom 100 Emerging Markets ETF by 6.7% in the 3rd quarter. Wright Wealth LLC now owns 120,101 shares of the company’s stock valued at $8,402,000 after purchasing an additional 7,530 shares in the last quarter. ARQ Wealth Advisors LLC acquired a new position in Freedom 100 Emerging Markets ETF in the 3rd quarter worth about $5,648,000. Vise Technologies Inc. raised its holdings in Freedom 100 Emerging Markets ETF by 60.3% in the 3rd quarter. Vise Technologies Inc. now owns 99,514 shares of the company’s stock worth $6,962,000 after purchasing an additional 37,437 shares during the period. Finally, MGO One Seven LLC purchased a new stake in shares of Freedom 100 Emerging Markets ETF in the third quarter valued at approximately $12,182,000.

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.