Harbour Wealth Management Group Inc. Takes Position in Freedom 100 Emerging Markets ETF $FRDM

Harbour Wealth Management Group Inc. acquired a new position in Freedom 100 Emerging Markets ETF (BATS:FRDM) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 56,845 shares of the company’s stock, valued at approximately $2,914,000. Freedom 100 Emerging Markets ETF makes up about 2.3% of Harbour Wealth Management Group Inc.’s investment portfolio, making the stock its 15th largest position.

Several other large investors have also modified their holdings of FRDM. Retirement Planning Group LLC grew its stake in Freedom 100 Emerging Markets ETF by 0.6% in the 4th quarter. Retirement Planning Group LLC now owns 2,416,148 shares of the company’s stock valued at $123,876,000 after buying an additional 15,469 shares during the last quarter. Mainstay Capital Management LLC ADV acquired a new position in Freedom 100 Emerging Markets ETF during the 4th quarter worth $85,418,000. Northwestern Mutual Wealth Management Co. lifted its position in Freedom 100 Emerging Markets ETF by 8.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,580,643 shares of the company’s stock worth $81,040,000 after acquiring an additional 120,307 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Freedom 100 Emerging Markets ETF by 9.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,500,570 shares of the company’s stock valued at $76,934,000 after acquiring an additional 127,659 shares during the period. Finally, Ellevest Inc. boosted its holdings in Freedom 100 Emerging Markets ETF by 0.5% during the fourth quarter. Ellevest Inc. now owns 1,178,453 shares of the company’s stock valued at $60,419,000 after acquiring an additional 5,419 shares during the period.

Freedom 100 Emerging Markets ETF Stock Performance

Shares of BATS:FRDM opened at $76.09 on Friday. The stock’s 50-day moving average is $67.04 and its 200-day moving average is $59.39. The company has a market cap of $2.24 billion, a P/E ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a 52-week low of $38.02 and a 52-week high of $76.31.

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.