SteelPeak Wealth LLC Buys Shares of 27,701 Freedom 100 Emerging Markets ETF $FRDM

SteelPeak Wealth LLC acquired a new stake in Freedom 100 Emerging Markets ETF (BATS:FRDM) in the third quarter, HoldingsChannel reports. The firm acquired 27,701 shares of the company’s stock, valued at approximately $1,227,000.

A number of other hedge funds have also recently bought and sold shares of FRDM. Ellevest Inc. raised its holdings in Freedom 100 Emerging Markets ETF by 458.6% in the 2nd quarter. Ellevest Inc. now owns 1,140,983 shares of the company’s stock valued at $46,096,000 after acquiring an additional 936,741 shares during the last quarter. Tanglewood Wealth Management Inc. increased its stake in Freedom 100 Emerging Markets ETF by 48.6% in the second quarter. Tanglewood Wealth Management Inc. now owns 1,107,772 shares of the company’s stock valued at $44,754,000 after purchasing an additional 362,189 shares during the last quarter. First Heartland Consultants Inc. acquired a new position in Freedom 100 Emerging Markets ETF in the second quarter valued at $14,632,000. Envestnet Asset Management Inc. lifted its position in Freedom 100 Emerging Markets ETF by 527.5% during the second quarter. Envestnet Asset Management Inc. now owns 356,976 shares of the company’s stock worth $14,422,000 after buying an additional 300,091 shares during the period. Finally, Investment Planning Advisors Inc. boosted its stake in Freedom 100 Emerging Markets ETF by 107.5% in the 2nd quarter. Investment Planning Advisors Inc. now owns 416,007 shares of the company’s stock worth $16,807,000 after buying an additional 215,534 shares during the last quarter.

Freedom 100 Emerging Markets ETF Price Performance

FRDM opened at $52.58 on Friday. Freedom 100 Emerging Markets ETF has a 12 month low of $30.68 and a 12 month high of $41.38. The business has a 50-day moving average of $48.77 and a two-hundred day moving average of $44.64. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94.

Freedom 100 Emerging Markets ETF 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.