Northwestern Mutual Wealth Management Co. Grows Stock Position in Freedom 100 Emerging Markets ETF $FRDM

Northwestern Mutual Wealth Management Co. increased its stake in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) by 8.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,580,643 shares of the company’s stock after purchasing an additional 120,307 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.05% of Freedom 100 Emerging Markets ETF worth $81,040,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of Freedom 100 Emerging Markets ETF by 200.0% in the 3rd quarter. UMB Bank n.a. now owns 600 shares of the company’s stock valued at $27,000 after purchasing an additional 400 shares during the period. First Pacific Financial acquired a new position in Freedom 100 Emerging Markets ETF during the fourth quarter worth approximately $27,000. CoreCap Advisors LLC increased its position in Freedom 100 Emerging Markets ETF by 111.1% during the fourth quarter. CoreCap Advisors LLC now owns 950 shares of the company’s stock worth $49,000 after buying an additional 500 shares during the period. Millstone Evans Group LLC lifted its stake in Freedom 100 Emerging Markets ETF by 99.7% in the fourth quarter. Millstone Evans Group LLC now owns 1,266 shares of the company’s stock valued at $65,000 after buying an additional 632 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in Freedom 100 Emerging Markets ETF in the third quarter valued at approximately $96,000.

Freedom 100 Emerging Markets ETF Trading Down 0.4%

FRDM stock opened at $72.52 on Friday. The company has a market capitalization of $2.14 billion, a P/E ratio of 12.68 and a beta of 0.94. The business has a 50 day simple moving average of $62.28 and a 200-day simple moving average of $56.92. Freedom 100 Emerging Markets ETF has a twelve month low of $37.63 and a twelve month high of $73.12.

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.