Freedom 100 Emerging Markets ETF $FRDM is Harbour Wealth Management Group Inc.’s 5th Largest Position

Harbour Wealth Management Group Inc. raised its position in Freedom 100 Emerging Markets ETF (BATS:FRDM) by 76.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,166 shares of the company’s stock after acquiring an additional 43,321 shares during the quarter. Freedom 100 Emerging Markets ETF accounts for about 4.1% of Harbour Wealth Management Group Inc.’s investment portfolio, making the stock its 5th largest holding. Harbour Wealth Management Group Inc.’s holdings in Freedom 100 Emerging Markets ETF were worth $5,474,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC boosted its stake in shares of Freedom 100 Emerging Markets ETF by 3.2% in the second quarter. NewEdge Advisors LLC now owns 28,306 shares of the company’s stock valued at $1,144,000 after purchasing an additional 885 shares during the period. Raymond James Financial Inc. increased its stake 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 worth $18,346,000 after buying an additional 64,359 shares during the period. Jane Street Group LLC purchased a new stake in Freedom 100 Emerging Markets ETF during the 2nd quarter worth $1,872,000. MML Investors Services LLC lifted its holdings in Freedom 100 Emerging Markets ETF by 275.4% in the 2nd quarter. MML Investors Services LLC now owns 55,313 shares of the company’s stock worth $2,235,000 after buying an additional 40,580 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in Freedom 100 Emerging Markets ETF by 5.3% in the 2nd 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.

Freedom 100 Emerging Markets ETF Price Performance

BATS:FRDM opened at $76.19 on Tuesday. The firm has a 50-day moving average of $67.70 and a two-hundred day moving average of $59.79. The stock has a market cap of $2.25 billion, a P/E ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a 1-year low of $38.02 and a 1-year high of $76.90.

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.