Freedom 100 Emerging Markets ETF $FRDM is Tanglewood Wealth Management Inc.’s 8th Largest Position

Tanglewood Wealth Management Inc. raised its stake in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) by 48.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,107,772 shares of the company’s stock after buying an additional 362,189 shares during the period. Freedom 100 Emerging Markets ETF comprises approximately 4.4% of Tanglewood Wealth Management Inc.’s holdings, making the stock its 8th largest position. Tanglewood Wealth Management Inc.’s holdings in Freedom 100 Emerging Markets ETF were worth $44,754,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FRDM. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Freedom 100 Emerging Markets ETF during the 2nd quarter valued at $28,000. Ameritas Advisory Services LLC purchased a new stake in Freedom 100 Emerging Markets ETF during the 2nd quarter valued at $86,000. Ancora Advisors LLC raised its stake in Freedom 100 Emerging Markets ETF by 24.4% during the 1st quarter. Ancora Advisors LLC now owns 2,624 shares of the company’s stock valued at $92,000 after buying an additional 515 shares during the last quarter. HB Wealth Management LLC purchased a new stake in Freedom 100 Emerging Markets ETF during the 2nd quarter valued at $214,000. Finally, Bank of New York Mellon Corp purchased a new stake in Freedom 100 Emerging Markets ETF during the 1st quarter valued at $225,000.

Freedom 100 Emerging Markets ETF Trading Up 36.7%

Shares of FRDM opened at $45.12 on Friday. The firm has a market cap of $1.33 billion, a PE ratio of 12.68 and a beta of 0.94. The firm has a fifty day simple moving average of $42.62 and a two-hundred day simple moving average of $39.35. Freedom 100 Emerging Markets ETF has a 1-year low of $30.68 and a 1-year high of $41.38.

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.