106,815 Shares of Freedom 100 Emerging Markets ETF $FRDM Purchased by Smallwood Wealth Investment Management LLC

Smallwood Wealth Investment Management LLC purchased a new position in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) in the third quarter, HoldingsChannel reports. The institutional investor purchased 106,815 shares of the company’s stock, valued at approximately $7,473,000. Freedom 100 Emerging Markets ETF accounts for 3.2% of Smallwood Wealth Investment Management LLC’s investment portfolio, making the stock its 6th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FRDM. Retirement Planning Group LLC boosted its holdings in Freedom 100 Emerging Markets ETF by 1.6% during the third quarter. Retirement Planning Group LLC now owns 2,685,929 shares of the company’s stock valued at $187,908,000 after purchasing an additional 41,811 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Freedom 100 Emerging Markets ETF by 53.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 725,104 shares of the company’s stock valued at $49,446,000 after purchasing an additional 253,060 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of Freedom 100 Emerging Markets ETF by 6.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 343,724 shares of the company’s stock worth $25,058,000 after buying an additional 20,332 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Freedom 100 Emerging Markets ETF by 18.6% in the 1st quarter. Kestra Advisory Services LLC now owns 442,531 shares of the company’s stock worth $24,184,000 after buying an additional 69,312 shares in the last quarter. Finally, Elwood & Goetz Wealth Advisory Group LLC acquired a new position in shares of Freedom 100 Emerging Markets ETF in the 3rd quarter worth approximately $21,781,000.

Freedom 100 Emerging Markets ETF Price Performance

Freedom 100 Emerging Markets ETF stock opened at $62.16 on Thursday. The company 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 has a one year low of $45.41 and a one year high of $76.90. The business has a 50 day simple moving average of $68.17 and a 200 day simple moving average of $64.94.

Freedom 100 Emerging Markets ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were given a $0.2934 dividend. This represents a $1.17 dividend on an annualized basis and a 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 was Monday, September 28th.

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.