Freedom 100 Emerging Markets ETF (BATS:FRDM) Hits New 52-Week High – Time to Buy?

Freedom 100 Emerging Markets ETF (BATS:FRDM) shares hit a new 52-week high on Tuesday . The stock traded as high as $76.90 and last traded at $76.19, with a volume of 363727 shares. The stock had previously closed at $76.09.

Freedom 100 Emerging Markets ETF Stock Up 0.1%

The stock’s fifty day moving average price is $67.70 and its 200-day moving average price is $59.79. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94.

Institutional Investors Weigh In On Freedom 100 Emerging Markets ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Pacific Financial acquired a new position in Freedom 100 Emerging Markets ETF during the fourth quarter valued at approximately $27,000. Strive Financial Group LLC acquired a new stake in shares of Freedom 100 Emerging Markets ETF in the 4th quarter valued at approximately $28,000. Clarity Asset Management Inc. acquired a new stake in shares of Freedom 100 Emerging Markets ETF in the 4th quarter valued at approximately $36,000. Steward Partners Investment Advisory LLC grew its stake in shares of Freedom 100 Emerging Markets ETF by 207.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 716 shares of the company’s stock valued at $37,000 after buying an additional 483 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of Freedom 100 Emerging Markets ETF by 231.3% in the first quarter. Assetmark Inc. now owns 719 shares of the company’s stock valued at $39,000 after buying an additional 502 shares in the last quarter.

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.