• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

First Trust Acquires Shares of Freedom Holding Corp.

user avatar

by Giorgi Kostiuk

5 hours ago


First Trust Financials AlphaDEX Fund increased its stake in Freedom Holding Corp. becoming the second largest shareholder. This move affirms the attractiveness of the company to institutional investors.

Share Acquisition

First Trust Financials AlphaDEX Fund (NASDAQ: FXO) has acquired 185,000 shares of Freedom Holding Corp. (NASDAQ: FRHC). Following this transaction, the fund has become the second largest shareholder of the company after its founder and CEO, Timur Turlov.

Market and Financial Metrics

FRHC now holds a 1.22% weighting in the fund's index structure. FXO tracks the performance of the StrataQuant Financials Index, which includes companies from the financial services sector selected based on the AlphaDEX methodology. This methodology screens stocks based on fundamental growth and value factors, highlighting Freedom Holding's appeal as a company with significant growth potential.

Company Strategy and Future

Timur Turlov, CEO of the company, stated: “We are pleased to see that Freedom Holding has attracted the attention of such institutional investors as First Trust. This confirms our strategy of sustainable growth and digital transformation.” In recent months, the company has expanded its product range and continues to develop its financial ecosystem. International credit rating agency S&P Global Ratings has recently revised the outlook on Freedom Holding’s core operating subsidiaries from “Stable” to “Positive.”

The addition of FRHC to FXO's portfolio serves as further confirmation that Freedom Holding meets the stringent selection criteria of leading institutional investors and continues to solidify its position in the financial market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

INJ Price Makes a Significant Move, Potentially Leading to a Rally

chest

Injective (INJ) has broken free from a descending channel, paving the way for potential further gains.

user avatarGiorgi Kostiuk

Cardano Sees Sharp Rise: 4146% Liquidation of Short Positions

chest

Cryptocurrency Cardano (ADA) surged 15% in the last 24 hours, leading to a significant liquidation of trader's short positions.

user avatarGiorgi Kostiuk

Ethereum Futures Overtake Bitcoin in Trading Volume

chest

Ethereum's futures volume reached $62.1 billion, overtaking Bitcoin as institutional investor confidence grows.

user avatarGiorgi Kostiuk

Cryptocurrency Market: Bitcoin Aims for Recovery

chest

Cryptocurrencies, including Bitcoin, show growth. Risks and market conditions are discussed.

user avatarGiorgi Kostiuk

Changpeng Zhao Predicts Bitcoin to Reach $1 Million

chest

Changpeng Zhao forecasts Bitcoin reaching $1 million, driven by growing institutional interest and government accumulation.

user avatarGiorgi Kostiuk

QFSCOIN Launches Cloud Mining Service with Daily Payouts

chest

QFSCOIN has announced the launch of a US-regulated cloud mining service, offering daily payouts for miners.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.