93,618 Freedom 100 Emerging Markets ETF $FRDM Shares Sold by Investment Planning Advisors Inc.

Investment Planning Advisors Inc. reduced its holdings in Freedom 100 Emerging Markets ETF (BATS:FRDM) by 22.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 317,800 shares of the company’s stock after selling 93,618 shares during the quarter. Freedom 100 Emerging Markets ETF comprises 5.0% of Investment Planning Advisors Inc.’s holdings, making the stock its 9th largest holding. Investment Planning Advisors Inc. owned 1.08% of Freedom 100 Emerging Markets ETF worth $22,233,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Retirement Planning Group LLC boosted its holdings in shares of Freedom 100 Emerging Markets ETF by 5.5% during the 1st quarter. Retirement Planning Group LLC now owns 2,549,629 shares of the company’s stock worth $139,337,000 after buying an additional 133,481 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Freedom 100 Emerging Markets ETF by 53.6% during the second quarter. Envestnet Asset Management Inc. now owns 725,104 shares of the company’s stock worth $49,446,000 after acquiring an additional 253,060 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in 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 purchasing an additional 20,332 shares during the period. Kestra Advisory Services LLC grew its holdings in Freedom 100 Emerging Markets ETF by 18.6% in the first quarter. Kestra Advisory Services LLC now owns 442,531 shares of the company’s stock worth $24,184,000 after purchasing an additional 69,312 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in Freedom 100 Emerging Markets ETF by 4.6% in the first quarter. Janney Montgomery Scott LLC now owns 440,218 shares of the company’s stock valued at $24,058,000 after purchasing an additional 19,205 shares in the last quarter.

Freedom 100 Emerging Markets ETF Stock Performance

Shares of BATS FRDM traded down $1.51 during trading on Wednesday, hitting $65.92. 151,596 shares of the company traded hands, compared to its average volume of 397,657. The business’s fifty day moving average is $69.44 and its 200 day moving average is $67.38. Freedom 100 Emerging Markets ETF has a fifty-two week low of $45.40 and a fifty-two week high of $76.90. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94.

Freedom 100 Emerging Markets ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were given a $0.2934 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, September 28th. This is a negative change from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.3302.

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.