Freedom 100 Emerging Markets ETF (BATS:FRDM) Hits New 52-Week High – Still a Buy?

Freedom 100 Emerging Markets ETF (BATS:FRDM)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $76.90 and last traded at $76.19, with a volume of 363727 shares. The stock had previously closed at $76.09.

Freedom 100 Emerging Markets ETF Trading Up 0.4%

The stock has a 50 day simple moving average of $68.16 and a 200-day simple moving average of $60.11. The firm has a market cap of $2.12 billion, a PE ratio of 12.68 and a beta of 0.94.

Institutional Trading of Freedom 100 Emerging Markets ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FRDM. NewEdge Advisors LLC lifted its holdings in Freedom 100 Emerging Markets ETF by 3.2% in the 2nd quarter. NewEdge Advisors LLC now owns 28,306 shares of the company’s stock worth $1,144,000 after purchasing an additional 885 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Freedom 100 Emerging Markets ETF by 16.5% during the 2nd quarter. Raymond James Financial Inc. now owns 454,117 shares of the company’s stock valued at $18,346,000 after buying an additional 64,359 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Freedom 100 Emerging Markets ETF during the second quarter valued at approximately $1,872,000. MML Investors Services LLC raised its position in shares of Freedom 100 Emerging Markets ETF by 275.4% during the second quarter. MML Investors Services LLC now owns 55,313 shares of the company’s stock valued at $2,235,000 after buying an additional 40,580 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Freedom 100 Emerging Markets ETF by 5.3% in the second quarter. Tidal Investments LLC now owns 60,830 shares of the company’s stock worth $2,458,000 after buying an additional 3,054 shares in the last quarter.

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.