Enzi Wealth Invests $15 Million in Freedom 100 Emerging Markets ETF $FRDM

Enzi Wealth purchased a new position in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 272,994 shares of the company’s stock, valued at approximately $15,004,000. Freedom 100 Emerging Markets ETF accounts for 5.3% of Enzi Wealth’s holdings, making the stock its 6th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in Freedom 100 Emerging Markets ETF by 200.0% in 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 stake 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 valued at $49,000 after buying an additional 500 shares during the period. GoalVest Advisory LLC purchased a new position in shares of Freedom 100 Emerging Markets ETF during the 3rd quarter valued at $53,000. JPL Wealth Management LLC purchased a new position in shares of Freedom 100 Emerging Markets ETF during the 3rd quarter valued at $96,000. Finally, Comerica Bank increased its stake in shares of Freedom 100 Emerging Markets ETF by 13.9% in the third quarter. Comerica Bank now owns 2,734 shares of the company’s stock worth $121,000 after acquiring an additional 333 shares during the last quarter.

Freedom 100 Emerging Markets ETF Trading Up 4.5%

Shares of BATS:FRDM opened at $54.65 on Wednesday. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a 1 year low of $30.68 and a 1 year high of $63.72. The business has a fifty day simple moving average of $58.01 and a 200 day simple moving average of $51.77.

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.