United Advisor Group LLC Makes New Investment in Freedom 100 Emerging Markets ETF $FRDM

United Advisor Group LLC bought 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 13F filing with the Securities & Exchange Commission. The institutional investor bought 125,924 shares of the company’s stock, valued at approximately $8,810,000. Freedom 100 Emerging Markets ETF comprises 0.8% of United Advisor Group LLC’s investment portfolio, making the stock its 22nd largest position. United Advisor Group LLC owned 0.43% of Freedom 100 Emerging Markets ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FRDM. Angeles Wealth Management LLC grew its holdings in Freedom 100 Emerging Markets ETF by 52.0% during the 2nd quarter. Angeles Wealth Management LLC now owns 44,475 shares of the company’s stock worth $3,257,000 after acquiring an additional 15,218 shares during the last quarter. VectorGlobal IAG Inc. acquired a new stake in Freedom 100 Emerging Markets ETF in the 1st quarter valued at about $1,898,000. Stillwater Private Wealth LLC bought a new position in shares of Freedom 100 Emerging Markets ETF in the first quarter worth about $1,081,000. Integrated Wealth Concepts LLC raised its stake in shares of Freedom 100 Emerging Markets ETF by 6.3% in the second quarter. Integrated Wealth Concepts LLC now owns 343,724 shares of the company’s stock worth $25,058,000 after acquiring an additional 20,332 shares during the last quarter. Finally, Retirement Planning Group LLC raised its stake in shares of Freedom 100 Emerging Markets ETF by 5.5% in the first quarter. Retirement Planning Group LLC now owns 2,549,629 shares of the company’s stock worth $139,337,000 after acquiring an additional 133,481 shares during the last quarter.

Freedom 100 Emerging Markets ETF Price Performance

Shares of FRDM stock traded up $1.15 during trading hours on Friday, reaching $58.97. 524,238 shares of the company were exchanged, compared to its average volume of 391,799. Freedom 100 Emerging Markets ETF has a fifty-two week low of $45.41 and a fifty-two week high of $76.90. The stock’s fifty day moving average is $67.74 and its two-hundred day moving average is $64.98. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94.

Freedom 100 Emerging Markets ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were given a $0.2934 dividend. This is a drop from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.3302. The ex-dividend date was Monday, September 28th. This represents a $1.17 annualized dividend and a yield of 2.0%.

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.