KFG Wealth Management LLC Makes New Investment in Freedom 100 Emerging Markets ETF $FRDM

KFG Wealth Management LLC acquired a new position in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 209,780 shares of the company’s stock, valued at approximately $14,676,000. Freedom 100 Emerging Markets ETF accounts for 1.6% of KFG Wealth Management LLC’s holdings, making the stock its 15th largest holding.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in shares of Freedom 100 Emerging Markets ETF by 53.6% in the second quarter. Envestnet Asset Management Inc. now owns 725,104 shares of the company’s stock valued at $49,446,000 after acquiring an additional 253,060 shares in the last quarter. Intelligence Driven Advisers LLC acquired a new stake in Freedom 100 Emerging Markets ETF in the 3rd quarter worth about $14,790,000. Signal Advisors Wealth LLC acquired a new stake in Freedom 100 Emerging Markets ETF in the 3rd quarter worth about $14,062,000. Longview Financial Advisors Inc. acquired a new stake in Freedom 100 Emerging Markets ETF in the 3rd quarter worth about $12,834,000. Finally, Krilogy Financial LLC bought a new stake in Freedom 100 Emerging Markets ETF in the 1st quarter valued at about $7,903,000.

Freedom 100 Emerging Markets ETF Trading Down 2.0%

BATS FRDM traded down $1.29 during trading on Friday, reaching $63.89. The company’s stock had a trading volume of 252,009 shares, compared to its average volume of 397,279. The firm has a 50 day moving average price of $69.33 and a 200 day moving average price of $67.52. Freedom 100 Emerging Markets ETF has a 12 month low of $45.41 and a 12 month high of $76.90. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94.

Freedom 100 Emerging Markets ETF Cuts Dividend

The firm 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. The ex-dividend date was Monday, September 28th. 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%.

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.