Global View Capital Management LLC Makes New $2.25 Million Investment in Freedom 100 Emerging Markets ETF $FRDM

Global View Capital Management LLC purchased a new stake in Freedom 100 Emerging Markets ETF (BATS:FRDM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 32,218 shares of the company’s stock, valued at approximately $2,254,000. Freedom 100 Emerging Markets ETF accounts for 0.5% of Global View Capital Management LLC’s portfolio, making the stock its 23rd largest position. Global View Capital Management LLC owned 0.11% of Freedom 100 Emerging Markets ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in FRDM. XY Planning Network Inc. boosted its position in Freedom 100 Emerging Markets ETF by 1.8% during the second quarter. XY Planning Network Inc. now owns 9,441 shares of the company’s stock worth $688,000 after purchasing an additional 168 shares during the period. Lord & Richards Wealth Management LLC raised its position in shares of Freedom 100 Emerging Markets ETF by 0.9% in the second quarter. Lord & Richards Wealth Management LLC now owns 35,078 shares of the company’s stock valued at $2,557,000 after purchasing an additional 311 shares during the period. Western Wealth Management LLC raised its position in shares of Freedom 100 Emerging Markets ETF by 3.7% in the first quarter. Western Wealth Management LLC now owns 10,325 shares of the company’s stock valued at $564,000 after purchasing an additional 370 shares during the period. CoreCap Advisors LLC acquired a new stake in shares of Freedom 100 Emerging Markets ETF during the 3rd quarter worth about $28,000. Finally, Capital Analysts LLC acquired a new stake in shares of Freedom 100 Emerging Markets ETF during the 2nd quarter worth about $32,000.

Freedom 100 Emerging Markets ETF Stock Performance

Shares of FRDM stock opened at $62.01 on Friday. Freedom 100 Emerging Markets ETF has a 52 week low of $45.41 and a 52 week high of $76.90. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 12.68 and a beta of 0.94. The company has a 50-day simple moving average of $68.57 and a 200 day simple moving average of $64.84.

Freedom 100 Emerging Markets ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were issued a dividend of $0.2934 per share. This is a drop from Freedom 100 Emerging Markets ETF’s previous quarterly dividend of $0.3302. This represents a $1.17 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, September 28th.

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.