Mainstay Capital Management LLC ADV Makes New Investment in Freedom 100 Emerging Markets ETF $FRDM

Mainstay Capital Management LLC ADV bought a new position in Freedom 100 Emerging Markets ETF (BATS:FRDM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,666,042 shares of the company’s stock, valued at approximately $85,418,000. Freedom 100 Emerging Markets ETF makes up approximately 6.5% of Mainstay Capital Management LLC ADV’s investment portfolio, making the stock its 7th biggest position. Mainstay Capital Management LLC ADV owned about 0.06% of Freedom 100 Emerging Markets ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Pacific Financial bought a new position in shares of Freedom 100 Emerging Markets ETF during the 4th quarter worth approximately $27,000. UMB Bank n.a. boosted its holdings in shares of Freedom 100 Emerging Markets ETF by 200.0% during the 3rd quarter. UMB Bank n.a. now owns 600 shares of the company’s stock worth $27,000 after buying an additional 400 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in shares of Freedom 100 Emerging Markets ETF by 111.1% during the 4th quarter. CoreCap Advisors LLC now owns 950 shares of the company’s stock worth $49,000 after buying an additional 500 shares in the last quarter. GoalVest Advisory LLC bought a new position in shares of Freedom 100 Emerging Markets ETF during the 3rd quarter worth approximately $53,000. Finally, JPL Wealth Management LLC bought a new position in shares of Freedom 100 Emerging Markets ETF during the 3rd quarter worth approximately $96,000.

Freedom 100 Emerging Markets ETF Stock Performance

Freedom 100 Emerging Markets ETF stock opened at $63.27 on Friday. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a 52-week low of $34.31 and a 52-week high of $63.73. The stock’s 50 day moving average price is $58.18 and its two-hundred day moving average price is $53.03.

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.