Intelligence Driven Advisers LLC Cuts Position in Freedom 100 Emerging Markets ETF $FRDM

Intelligence Driven Advisers LLC lessened its position in Freedom 100 Emerging Markets ETF (BATS:FRDM) by 33.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 230,078 shares of the company’s stock after selling 115,564 shares during the quarter. Freedom 100 Emerging Markets ETF accounts for approximately 2.2% of Intelligence Driven Advisers LLC’s portfolio, making the stock its 12th largest holding. Intelligence Driven Advisers LLC owned about 0.78% of Freedom 100 Emerging Markets ETF worth $12,574,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Chip Partners LLC purchased a new position in shares of Freedom 100 Emerging Markets ETF during the 1st quarter valued at about $239,000. Modern Wealth Management LLC purchased a new position in shares of Freedom 100 Emerging Markets ETF during the first quarter worth approximately $1,302,000. Cetera Investment Advisers raised its stake in shares of Freedom 100 Emerging Markets ETF by 44.6% during the first quarter. Cetera Investment Advisers now owns 41,847 shares of the company’s stock worth $2,287,000 after acquiring an additional 12,906 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Freedom 100 Emerging Markets ETF by 21.5% in the 1st quarter. Parallel Advisors LLC now owns 6,749 shares of the company’s stock worth $369,000 after acquiring an additional 1,192 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Freedom 100 Emerging Markets ETF by 231.3% in the 1st quarter. Assetmark Inc. now owns 719 shares of the company’s stock valued at $39,000 after purchasing an additional 502 shares in the last quarter.

Freedom 100 Emerging Markets ETF Stock Performance

FRDM stock opened at $64.68 on Monday. The firm has a market cap of $1.91 billion, a P/E ratio of 12.68 and a beta of 0.94. The firm’s fifty day moving average is $69.93 and its 200 day moving average is $62.92. Freedom 100 Emerging Markets ETF has a 52 week low of $39.97 and a 52 week high of $76.90.

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.