Brookstone Capital Management Acquires 85,789 Shares of Freedom 100 Emerging Markets ETF $FRDM

Brookstone Capital Management grew its stake in Freedom 100 Emerging Markets ETF (BATS:FRDM) by 275.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,907 shares of the company’s stock after purchasing an additional 85,789 shares during the quarter. Brookstone Capital Management owned approximately 0.40% of Freedom 100 Emerging Markets ETF worth $6,389,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FRDM. Mainstay Capital Management LLC ADV acquired a new position in shares of Freedom 100 Emerging Markets ETF in the fourth quarter valued at approximately $85,418,000. First Heartland Consultants Inc. acquired a new stake in Freedom 100 Emerging Markets ETF during the 2nd quarter worth approximately $14,632,000. Raymond James Financial Inc. boosted its stake in Freedom 100 Emerging Markets ETF by 63.8% in the 3rd quarter. Raymond James Financial Inc. now owns 743,977 shares of the company’s stock valued at $32,966,000 after purchasing an additional 289,860 shares during the period. Enzi Wealth bought a new stake in Freedom 100 Emerging Markets ETF in the 4th quarter valued at $15,004,000. Finally, Jane Street Group LLC acquired a new position in Freedom 100 Emerging Markets ETF in the 4th quarter valued at $12,818,000.

Freedom 100 Emerging Markets ETF Price Performance

FRDM stock opened at $71.41 on Wednesday. Freedom 100 Emerging Markets ETF has a fifty-two week low of $39.63 and a fifty-two week high of $76.90. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94. The business’s fifty day moving average price is $67.93 and its two-hundred day moving average price is $59.95.

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.