Sweeney & Michel LLC Buys New Shares in Freedom 100 Emerging Markets ETF $FRDM

Sweeney & Michel LLC purchased a new position in Freedom 100 Emerging Markets ETF (BATS:FRDM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 168,958 shares of the company’s stock, valued at approximately $11,820,000. Freedom 100 Emerging Markets ETF comprises approximately 3.1% of Sweeney & Michel LLC’s portfolio, making the stock its 10th largest position. Sweeney & Michel LLC owned 0.57% of Freedom 100 Emerging Markets ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. CoreCap Advisors LLC acquired a new position in Freedom 100 Emerging Markets ETF in the 3rd quarter valued at $28,000. Capital Analysts LLC purchased a new position in Freedom 100 Emerging Markets ETF in the 2nd quarter valued at $32,000. Abound Wealth Management acquired a new stake in Freedom 100 Emerging Markets ETF during the 2nd quarter worth $36,000. Assetmark Inc. boosted its stake in Freedom 100 Emerging Markets ETF by 231.3% during the 1st quarter. Assetmark Inc. now owns 719 shares of the company’s stock worth $39,000 after purchasing an additional 502 shares during the last quarter. Finally, Investors Research Corp acquired a new stake in Freedom 100 Emerging Markets ETF during the 3rd quarter worth $78,000.

Freedom 100 Emerging Markets ETF Stock Down 2.0%

Shares of Freedom 100 Emerging Markets ETF stock traded down $1.29 during trading hours on Friday, reaching $63.89. 252,009 shares of the company’s stock were exchanged, compared to its average volume of 397,279. Freedom 100 Emerging Markets ETF has a 1 year low of $45.41 and a 1 year high of $76.90. The company has a market capitalization of $1.88 billion, a P/E ratio of 12.68 and a beta of 0.94. The business has a fifty day moving average of $69.33 and a two-hundred day moving average of $67.52.

Freedom 100 Emerging Markets ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were paid a dividend of $0.2934 per share. The ex-dividend date of this dividend was Monday, September 28th. This represents a $1.17 annualized dividend and a yield of 1.8%. This is a drop from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.3302.

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.