Magnus Financial Group LLC Acquires New Position in Freedom 100 Emerging Markets ETF $FRDM

Magnus Financial Group LLC bought a new position in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 14,615 shares of the company’s stock, valued at approximately $1,022,000.

Other hedge funds also recently made changes to their positions in the company. XY Planning Network Inc. increased its holdings in shares of Freedom 100 Emerging Markets ETF by 1.8% in the 2nd quarter. XY Planning Network Inc. now owns 9,441 shares of the company’s stock valued at $688,000 after acquiring an additional 168 shares during the last quarter. Lord & Richards Wealth Management LLC raised its position in shares of Freedom 100 Emerging Markets ETF by 0.9% during the 2nd quarter. Lord & Richards Wealth Management LLC now owns 35,078 shares of the company’s stock valued at $2,557,000 after acquiring an additional 311 shares in the last quarter. Western Wealth Management LLC raised its position 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 valued at $564,000 after acquiring an additional 370 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in shares of Freedom 100 Emerging Markets ETF during the 3rd quarter valued at approximately $28,000. Finally, Capital Analysts LLC acquired a new stake in shares of Freedom 100 Emerging Markets ETF during the 2nd quarter valued at approximately $32,000.

Freedom 100 Emerging Markets ETF Price Performance

Shares of FRDM opened at $63.17 on Friday. The stock has a market capitalization of $1.86 billion, a PE ratio of 12.68 and a beta of 0.94. The business’s fifty day moving average price is $69.11 and its 200 day moving average price is $67.89. Freedom 100 Emerging Markets ETF has a 12-month low of $45.41 and a 12-month high of $76.90.

Freedom 100 Emerging Markets ETF Cuts Dividend

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

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.