Freedom 100 Emerging Markets ETF $FRDM Shares Purchased by Royal Bank of Canada

Royal Bank of Canada increased its stake in Freedom 100 Emerging Markets ETF (BATS:FRDM) by 198.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 174,131 shares of the company’s stock after acquiring an additional 115,875 shares during the quarter. Royal Bank of Canada owned approximately 0.59% of Freedom 100 Emerging Markets ETF worth $9,517,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Strive Financial Group LLC acquired a new stake in shares of Freedom 100 Emerging Markets ETF in the fourth quarter valued at about $28,000. Clarity Asset Management Inc. acquired a new position in shares of Freedom 100 Emerging Markets ETF during the 4th quarter worth about $36,000. Steward Partners Investment Advisory LLC raised its position in shares of Freedom 100 Emerging Markets ETF by 207.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 716 shares of the company’s stock worth $37,000 after purchasing an additional 483 shares during the last quarter. Assetmark Inc. lifted its stake in Freedom 100 Emerging Markets ETF by 231.3% in the 1st 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. Finally, Millstone Evans Group LLC lifted its stake in Freedom 100 Emerging Markets ETF by 99.7% in the 4th quarter. Millstone Evans Group LLC now owns 1,266 shares of the company’s stock valued at $65,000 after buying an additional 632 shares in the last quarter.

Freedom 100 Emerging Markets ETF Stock Performance

FRDM stock opened at $66.67 on Monday. Freedom 100 Emerging Markets ETF has a 12-month low of $41.02 and a 12-month high of $76.90. The business’s 50-day moving average is $69.17 and its 200 day moving average is $63.65. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94.

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.