Freedom 100 Emerging Markets ETF $FRDM Shares Bought by Royal Bank of Canada

Royal Bank of Canada raised its holdings in shares of Freedom 100 Emerging Markets ETF (BATS:FRDM) by 198.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 174,131 shares of the company’s stock after purchasing an additional 115,875 shares during the quarter. Royal Bank of Canada’s holdings in Freedom 100 Emerging Markets ETF were worth $9,517,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Strive Financial Group LLC purchased a new stake in Freedom 100 Emerging Markets ETF during the 4th quarter valued at about $28,000. Clarity Asset Management Inc. acquired a new position in shares of Freedom 100 Emerging Markets ETF during the 4th quarter worth approximately $36,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Freedom 100 Emerging Markets ETF by 207.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 716 shares of the company’s stock worth $37,000 after purchasing an additional 483 shares during the last quarter. Assetmark Inc. grew its position in shares of Freedom 100 Emerging Markets ETF by 231.3% in the first quarter. Assetmark Inc. now owns 719 shares of the company’s stock valued at $39,000 after purchasing an additional 502 shares in the last quarter. Finally, Millstone Evans Group LLC grew its position in shares of Freedom 100 Emerging Markets ETF by 99.7% in the fourth quarter. Millstone Evans Group LLC now owns 1,266 shares of the company’s stock valued at $65,000 after purchasing an additional 632 shares in the last quarter.

Freedom 100 Emerging Markets ETF Price Performance

Shares of BATS:FRDM opened at $66.67 on Monday. The business has a fifty day moving average of $69.17 and a two-hundred day moving average of $63.65. The stock has a market cap of $1.97 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 $41.02 and a 52-week high of $76.90.

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.