Investment Planning Advisors Inc. Sells 88,713 Shares of Freedom 100 Emerging Markets ETF $FRDM

Investment Planning Advisors Inc. reduced its stake in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) by 15.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 470,311 shares of the company’s stock after selling 88,713 shares during the period. Freedom 100 Emerging Markets ETF makes up approximately 7.1% of Investment Planning Advisors Inc.’s investment portfolio, making the stock its 5th biggest holding. Investment Planning Advisors Inc. owned 1.59% of Freedom 100 Emerging Markets ETF worth $25,703,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. NewEdge Advisors LLC increased its position in shares of Freedom 100 Emerging Markets ETF by 3.2% in the 2nd 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 period. Raymond James Financial Inc. lifted its position 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 acquiring 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 valued at about $1,872,000. MML Investors Services LLC grew its stake in Freedom 100 Emerging Markets ETF by 275.4% during the 2nd quarter. MML Investors Services LLC now owns 55,313 shares of the company’s stock valued at $2,235,000 after purchasing an additional 40,580 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in Freedom 100 Emerging Markets ETF by 5.3% during the 2nd quarter. Tidal Investments LLC now owns 60,830 shares of the company’s stock valued at $2,458,000 after purchasing an additional 3,054 shares during the last quarter.

Freedom 100 Emerging Markets ETF Stock Performance

Shares of FRDM stock opened at $71.68 on Tuesday. Freedom 100 Emerging Markets ETF has a fifty-two week low of $39.92 and a fifty-two week high of $76.90. The firm has a market capitalization of $2.11 billion, a PE ratio of 12.68 and a beta of 0.94. The stock’s 50-day simple moving average is $68.80 and its 200-day simple moving average is $60.60.

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.