Sweeney & Michel LLC Purchases New Stake in Freedom 100 Emerging Markets ETF $FRDM

Sweeney & Michel LLC purchased a new stake in Freedom 100 Emerging Markets ETF (BATS:FRDM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 168,958 shares of the company’s stock, valued at approximately $11,820,000. Freedom 100 Emerging Markets ETF comprises about 3.1% of Sweeney & Michel LLC’s investment portfolio, making the stock its 10th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Retirement Planning Group LLC boosted its stake in Freedom 100 Emerging Markets ETF by 5.5% during the first 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 during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Freedom 100 Emerging Markets ETF by 53.6% in the 2nd 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 during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Freedom 100 Emerging Markets ETF by 6.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 343,724 shares of the company’s stock worth $25,058,000 after acquiring an additional 20,332 shares during the last quarter. Kestra Advisory Services LLC increased its stake in shares of Freedom 100 Emerging Markets ETF by 18.6% in the 1st quarter. Kestra Advisory Services LLC now owns 442,531 shares of the company’s stock worth $24,184,000 after acquiring an additional 69,312 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Freedom 100 Emerging Markets ETF by 4.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 440,218 shares of the company’s stock worth $24,058,000 after acquiring an additional 19,205 shares during the period.

Freedom 100 Emerging Markets ETF Stock Performance

Shares of BATS FRDM traded down $1.29 during trading on Friday, hitting $63.89. 252,009 shares of the company were exchanged, compared to its average volume of 397,279. The company has a fifty day moving average price of $69.33 and a 200-day moving average price of $67.52. The firm has a market capitalization of $1.88 billion, a PE ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a 12-month low of $45.41 and a 12-month high of $76.90.

Freedom 100 Emerging Markets ETF Cuts Dividend

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

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.