Quarry Hill Advisors LLC purchased a new position in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM – Free Report) during the third quarter, HoldingsChannel.com reports. The fund purchased 115,376 shares of the company’s stock, valued at approximately $8,072,000. Freedom 100 Emerging Markets ETF accounts for approximately 3.0% of Quarry Hill Advisors LLC’s holdings, making the stock its 8th largest position.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. AlphaCore Capital LLC acquired a new stake in Freedom 100 Emerging Markets ETF during the 3rd quarter worth about $33,000. Parallel Advisors LLC acquired a new stake in shares of Freedom 100 Emerging Markets ETF during the 3rd quarter worth approximately $500,000. Asset Dedication LLC acquired a new stake in Freedom 100 Emerging Markets ETF during the third quarter valued at $63,000. United Advisor Group LLC acquired a new stake in shares of Freedom 100 Emerging Markets ETF during the 3rd quarter valued at about $8,810,000. Finally, SeedSafe Financial LLC grew its holdings in Freedom 100 Emerging Markets ETF by 12.0% in the third quarter. SeedSafe Financial LLC now owns 57,985 shares of the company’s stock valued at $4,057,000 after purchasing an additional 6,231 shares during the period.
Freedom 100 Emerging Markets ETF Stock Down 1.2%
FRDM stock opened at $60.97 on Wednesday. The stock has a market capitalization of $3.15 billion, a P/E ratio of 10.45 and a beta of 1.10. The firm has a 50-day simple moving average of $67.45 and a 200-day simple moving average of $65.02. Freedom 100 Emerging Markets ETF has a 52 week low of $45.41 and a 52 week high of $76.90.
Freedom 100 Emerging Markets ETF Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were issued a dividend of $0.2934 per share. The ex-dividend date was Monday, September 28th. This represents a $1.17 annualized dividend and a dividend yield of 1.9%. This is a decrease from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.3302.
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.
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Want to see what other hedge funds are holding FRDM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Freedom 100 Emerging Markets ETF (BATS:FRDM – Free Report).
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