Freedom 100 Emerging Markets ETF $FRDM Stock: Innova Wealth Partners Grows Stake

Innova Wealth Partners lifted its stake in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) by 101.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,025 shares of the company’s stock after acquiring an additional 12,587 shares during the quarter. Innova Wealth Partners’ holdings in Freedom 100 Emerging Markets ETF were worth $1,751,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Oath Planning LLC raised its stake in shares of Freedom 100 Emerging Markets ETF by 25.4% in the 3rd quarter. Oath Planning LLC now owns 87,671 shares of the company’s stock valued at $6,133,000 after acquiring an additional 17,758 shares in the last quarter. South Shore Capital Advisors acquired a new stake in Freedom 100 Emerging Markets ETF in the 3rd quarter worth approximately $534,000. Islay Capital Management LLC acquired a new stake in Freedom 100 Emerging Markets ETF in the 3rd quarter worth approximately $5,930,000. Lakeside Advisors INC. bought a new stake in Freedom 100 Emerging Markets ETF during the third quarter worth approximately $873,000. Finally, Retirement Planning Group LLC boosted its position 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 worth $187,908,000 after purchasing an additional 41,811 shares during the period.

Freedom 100 Emerging Markets ETF Stock Up 0.4%

Shares of Freedom 100 Emerging Markets ETF stock opened at $64.82 on Wednesday. Freedom 100 Emerging Markets ETF has a 12-month low of $45.41 and a 12-month high of $76.90. The stock has a 50 day moving average price of $69.26 and a two-hundred day moving average price of $67.76. The stock has a market capitalization of $1.91 billion, a P/E ratio of 12.68 and a beta of 0.94.

Freedom 100 Emerging Markets ETF Cuts Dividend

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