Freedom 100 Emerging Markets ETF (BATS:FRDM) Sets New 52-Week High – Still a Buy?

Freedom 100 Emerging Markets ETF (BATS:FRDM) shares reached a new 52-week high on Tuesday . The stock traded as high as $71.15 and last traded at $70.84, with a volume of 34868 shares traded. The stock had previously closed at $67.52.

Freedom 100 Emerging Markets ETF Price Performance

The firm has a fifty day simple moving average of $61.64 and a 200 day simple moving average of $56.63. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its position in Freedom 100 Emerging Markets ETF by 3.2% during the 2nd quarter. NewEdge Advisors LLC now owns 28,306 shares of the company’s stock worth $1,144,000 after acquiring an additional 885 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Freedom 100 Emerging Markets ETF by 16.5% in the second quarter. Raymond James Financial Inc. now owns 454,117 shares of the company’s stock valued at $18,346,000 after purchasing an additional 64,359 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Freedom 100 Emerging Markets ETF in the second quarter worth about $1,872,000. MML Investors Services LLC increased its stake in shares of Freedom 100 Emerging Markets ETF by 275.4% in the second quarter. MML Investors Services LLC now owns 55,313 shares of the company’s stock worth $2,235,000 after purchasing an additional 40,580 shares during the period. Finally, Tidal Investments LLC lifted its position in shares of Freedom 100 Emerging Markets ETF by 5.3% during the 2nd quarter. Tidal Investments LLC now owns 60,830 shares of the company’s stock worth $2,458,000 after purchasing an additional 3,054 shares during the last quarter.

About Freedom 100 Emerging Markets ETF

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.