KFG Wealth Management LLC bought a new position in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 209,780 shares of the company’s stock, valued at approximately $14,676,000. Freedom 100 Emerging Markets ETF makes up approximately 1.6% of KFG Wealth Management LLC’s portfolio, making the stock its 15th largest position. KFG Wealth Management LLC owned about 0.71% of Freedom 100 Emerging Markets ETF as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its position in Freedom 100 Emerging Markets ETF by 53.6% during the second 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 in the last quarter. Intelligence Driven Advisers LLC acquired a new stake in Freedom 100 Emerging Markets ETF in the third quarter valued at $14,790,000. Signal Advisors Wealth LLC bought a new position in shares of Freedom 100 Emerging Markets ETF in the 3rd quarter valued at about $14,062,000. Longview Financial Advisors Inc. bought a new position in shares of Freedom 100 Emerging Markets ETF in the 3rd quarter valued at about $12,834,000. Finally, Krilogy Financial LLC bought a new position in shares of Freedom 100 Emerging Markets ETF in the 1st quarter valued at about $7,903,000.
Freedom 100 Emerging Markets ETF Trading Down 2.0%
Shares of Freedom 100 Emerging Markets ETF stock traded down $1.29 during trading on Friday, hitting $63.89. 252,009 shares of the stock were exchanged, compared to its average volume of 397,279. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94. The company has a fifty day moving average price of $69.33 and a 200-day moving average price of $67.52. Freedom 100 Emerging Markets ETF has a 1-year low of $45.41 and a 1-year high of $76.90.
Freedom 100 Emerging Markets ETF Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were issued 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 dividend on an annualized basis and a yield of 1.8%.
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.
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