Fortitude Financial LLC Has $4.63 Million Stake in Freedom 100 Emerging Markets ETF $FRDM

Fortitude Financial LLC lowered its position in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM – Free Report) by 14.3% during the third quarter, HoldingsChannel reports. The fund owned 105,138 shares of the company’s stock after selling 17,559 shares during the quarter. Freedom 100 Emerging Markets ETF comprises about 2.9% of Fortitude Financial LLC’s portfolio, making the stock its 11th largest holding. Fortitude Financial LLC’s holdings in Freedom 100 Emerging Markets ETF were worth $4,627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Ellevest Inc. raised its position in Freedom 100 Emerging Markets ETF by 458.6% in the second quarter. Ellevest Inc. now owns 1,140,983 shares of the company’s stock valued at $46,096,000 after purchasing an additional 936,741 shares during the last quarter. Tanglewood Wealth Management Inc. increased its stake in shares of Freedom 100 Emerging Markets ETF by 48.6% in the second quarter. Tanglewood Wealth Management Inc. now owns 1,107,772 shares of the company’s stock valued at $44,754,000 after buying an additional 362,189 shares during the period. First Heartland Consultants Inc. bought a new position in Freedom 100 Emerging Markets ETF in the 2nd quarter valued at approximately $14,632,000. Envestnet Asset Management Inc. boosted its position in Freedom 100 Emerging Markets ETF by 527.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 356,976 shares of the company’s stock worth $14,422,000 after buying an additional 300,091 shares during the period. Finally, Investment Planning Advisors Inc. grew its holdings in Freedom 100 Emerging Markets ETF by 107.5% during the 2nd quarter. Investment Planning Advisors Inc. now owns 416,007 shares of the company’s stock worth $16,807,000 after acquiring an additional 215,534 shares during the last quarter.

Freedom 100 Emerging Markets ETF Stock Performance

Shares of BATS FRDM opened at $49.72 on Friday. The firm has a 50 day moving average price of $47.80 and a two-hundred day moving average price of $43.81. The stock has a market cap of $1.47 billion, a P/E ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a 52-week low of $30.68 and a 52-week high of $41.38.

About Freedom 100 Emerging Markets ETF

(Free Report)

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.

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