Stegent Equity Advisors Inc. Makes New Investment in The Free Markets ETF $FMKT

Stegent Equity Advisors Inc. acquired a new stake in The Free Markets ETF (NYSEARCA:FMKT) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 52,244 shares of the company’s stock, valued at approximately $1,127,000. Stegent Equity Advisors Inc. owned about 6.53% of Free Markets ETF as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of FMKT. Brookwood Investment Group LLC bought a new position in shares of Free Markets ETF in the third quarter valued at approximately $481,000. Jane Street Group LLC purchased a new stake in shares of Free Markets ETF during the second quarter valued at approximately $663,000. NewEdge Advisors LLC bought a new stake in Free Markets ETF during the second quarter worth $1,721,000. Finally, Natural Investments LLC bought a new stake in Free Markets ETF during the third quarter worth $12,319,000.

Free Markets ETF Stock Performance

FMKT stock opened at $20.34 on Monday. The stock has a market cap of $16.27 million, a P/E ratio of 27.82 and a beta of 1.86. The stock’s fifty day simple moving average is $21.67 and its two-hundred day simple moving average is $22.38. The Free Markets ETF has a 1-year low of $19.75 and a 1-year high of $24.88.

About Free Markets ETF

Tidal ETF Trust – The Free Markets ETF is an exchange traded fund launched and managed by Tidal Investments LLC. The fund is co-managed by SYKON Asset Management LLC, Point Bridge Capital, LLC and Tactical Rotation Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs fundamental analysis to create its portfolio.