Longview Financial Advisors Inc. Acquires 183,448 Shares of Freedom 100 Emerging Markets ETF $FRDM

Longview Financial Advisors Inc. acquired a new position in Freedom 100 Emerging Markets ETF (BATS:FRDM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 183,448 shares of the company’s stock, valued at approximately $12,834,000. Freedom 100 Emerging Markets ETF makes up approximately 7.4% of Longview Financial Advisors Inc.’s investment portfolio, making the stock its 6th largest position. Longview Financial Advisors Inc. owned approximately 0.62% of Freedom 100 Emerging Markets ETF at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC bought a new position in Freedom 100 Emerging Markets ETF during the third quarter valued at about $192,000. CoreCap Advisors LLC bought a new stake in shares of Freedom 100 Emerging Markets ETF during the 3rd quarter worth about $28,000. Valeo Financial Advisors LLC acquired a new position in shares of Freedom 100 Emerging Markets ETF during the 3rd quarter valued at about $734,000. Tactive Advisors LLC acquired a new position in shares of Freedom 100 Emerging Markets ETF during the 3rd quarter valued at about $298,000. Finally, Cooper Financial Group bought a new position in shares of Freedom 100 Emerging Markets ETF in the 3rd quarter valued at approximately $698,000.

Freedom 100 Emerging Markets ETF Stock Performance

FRDM opened at $68.76 on Friday. The business has a 50 day moving average price of $69.30 and a 200 day moving average price of $67.11. Freedom 100 Emerging Markets ETF has a twelve month low of $43.77 and a twelve month high of $76.90. The firm has a market cap of $2.03 billion, a P/E 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. Shareholders of record on Monday, September 28th were given a dividend of $0.2934 per share. The ex-dividend date of this dividend was Monday, September 28th. This represents a $1.17 dividend on an annualized basis and a yield of 1.7%. This is a negative change from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.3302.

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.