Commonwealth Financial Services LLC Sells 13,273 Shares of Freedom 100 Emerging Markets ETF $FRDM

Commonwealth Financial Services LLC lessened its holdings in Freedom 100 Emerging Markets ETF (BATS:FRDM) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 293,582 shares of the company’s stock after selling 13,273 shares during the period. Freedom 100 Emerging Markets ETF comprises 2.5% of Commonwealth Financial Services LLC’s holdings, making the stock its 9th biggest holding. Commonwealth Financial Services LLC owned approximately 1.00% of Freedom 100 Emerging Markets ETF worth $16,044,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mainstay Capital Management LLC ADV bought a new stake in shares of Freedom 100 Emerging Markets ETF during the fourth quarter worth about $85,418,000. First Heartland Consultants Inc. bought a new position in shares of Freedom 100 Emerging Markets ETF during the second quarter valued at $14,632,000. Raymond James Financial Inc. raised its stake in shares of Freedom 100 Emerging Markets ETF by 63.8% during the third quarter. Raymond James Financial Inc. now owns 743,977 shares of the company’s stock valued at $32,966,000 after acquiring an additional 289,860 shares during the last quarter. Enzi Wealth acquired a new position in shares of Freedom 100 Emerging Markets ETF during the fourth quarter worth $15,004,000. Finally, Jane Street Group LLC acquired a new position in shares of Freedom 100 Emerging Markets ETF during the fourth quarter worth $12,818,000.

Freedom 100 Emerging Markets ETF Price Performance

BATS FRDM opened at $64.78 on Monday. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a twelve month low of $39.97 and a twelve month high of $76.90. The stock has a fifty day simple moving average of $70.08 and a 200 day simple moving average of $62.43.

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.