Enzi Wealth Makes New Investment in Freedom 100 Emerging Markets ETF $FRDM

Enzi Wealth purchased a new stake in Freedom 100 Emerging Markets ETF (BATS:FRDM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 272,994 shares of the company’s stock, valued at approximately $15,004,000. Freedom 100 Emerging Markets ETF makes up approximately 5.3% of Enzi Wealth’s holdings, making the stock its 6th largest position. Enzi Wealth owned approximately 0.93% of Freedom 100 Emerging Markets ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Creative Planning grew its holdings in shares of Freedom 100 Emerging Markets ETF by 28.1% in the 2nd quarter. Creative Planning now owns 13,532 shares of the company’s stock worth $547,000 after acquiring an additional 2,968 shares during the last quarter. L2 Asset Management LLC purchased a new stake in shares of Freedom 100 Emerging Markets ETF during the second quarter valued at $356,000. NewEdge Advisors LLC lifted its holdings in shares of 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 purchasing 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% in 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 during the period. Finally, Jane Street Group LLC acquired a new position in shares of Freedom 100 Emerging Markets ETF in the 2nd quarter valued at $1,872,000.

Freedom 100 Emerging Markets ETF Trading Up 4.5%

Shares of FRDM opened at $54.65 on Wednesday. The business’s 50-day moving average price is $58.01 and its 200 day moving average price is $51.77. The stock has a market capitalization of $1.61 billion, a P/E ratio of 12.68 and a beta of 0.94. Freedom 100 Emerging Markets ETF has a 1-year low of $30.68 and a 1-year high of $63.72.

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.