Commonwealth Financial Services LLC Trims Stock Holdings in Freedom 100 Emerging Markets ETF $FRDM

Commonwealth Financial Services LLC cut its position in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) by 4.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 293,582 shares of the company’s stock after selling 13,273 shares during the quarter. Freedom 100 Emerging Markets ETF makes up about 2.5% of Commonwealth Financial Services LLC’s portfolio, making the stock its 9th largest holding. Commonwealth Financial Services LLC’s holdings in Freedom 100 Emerging Markets ETF were worth $16,044,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC boosted its position in Freedom 100 Emerging Markets ETF by 3.2% during the second quarter. NewEdge Advisors LLC now owns 28,306 shares of the company’s stock valued at $1,144,000 after acquiring an additional 885 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of 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 purchasing an additional 64,359 shares in the last quarter. Jane Street Group LLC acquired a new stake in Freedom 100 Emerging Markets ETF during the second quarter worth approximately $1,872,000. MML Investors Services LLC increased its holdings in Freedom 100 Emerging Markets ETF by 275.4% in the second quarter. MML Investors Services LLC now owns 55,313 shares of the company’s stock worth $2,235,000 after purchasing an additional 40,580 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in 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 valued at $2,458,000 after buying an additional 3,054 shares during the period.

Freedom 100 Emerging Markets ETF Stock Performance

Freedom 100 Emerging Markets ETF stock opened at $64.78 on Monday. The stock 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 52-week low of $39.97 and a 52-week high of $76.90. The stock’s 50 day moving average price is $70.08 and its two-hundred day moving average price is $62.43.

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.