Freedom 100 Emerging Markets ETF (BATS:FRDM) Hits New 52-Week High – Should You Buy?

Freedom 100 Emerging Markets ETF (BATS:FRDM) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $74.92 and last traded at $73.87, with a volume of 108922 shares changing hands. The stock had previously closed at $72.87.

Freedom 100 Emerging Markets ETF Stock Performance

The company’s fifty day simple moving average is $66.28 and its two-hundred day simple moving average is $59.02. The stock has a market capitalization of $2.16 billion, a P/E ratio of 12.68 and a beta of 0.94.

Hedge Funds Weigh In On Freedom 100 Emerging Markets ETF

Hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its holdings in 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 purchasing an additional 885 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Freedom 100 Emerging Markets ETF by 16.5% during the second quarter. Raymond James Financial Inc. now owns 454,117 shares of the company’s stock worth $18,346,000 after purchasing an additional 64,359 shares during the period. Jane Street Group LLC acquired a new stake in shares of Freedom 100 Emerging Markets ETF in the second quarter valued at approximately $1,872,000. MML Investors Services LLC raised its position in shares of 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 valued at $2,235,000 after buying an additional 40,580 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of 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 Company 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.