Shares of Freedom Holding have been included in the FXO ETF. It also includes Berkshire and Citigroup

Shares of financial holding company Freedom Holding are included in the First Trust Financial AlphaDEX Fund (FXO) exchange traded fund as part of its rebalancing. This ETF also includes shares of Warren Buffett's Berkshire Hathaway investment holding, major Wall Street banks Goldman Sachs and Citigroup, trading platform Robinhood, cryptocurrency exchange Coinbase and other companies.

Freedom Holding's weight in the fund is 1.22%. The largest weight in the ETF -1.68% - have securities of American bank OZK. 

FXO aims to provide investment results that are broadly consistent with the price and return of the StrataQuant Financials Index. This index is a modified equal dollar-weighted index that selects stocks from the Russell 1000 Index in the financial services sector using the AlphaDEX selection methodology. 

FXO has gained nearly 24% in value over the past year. In June, analysts at Zacks included this fund in a list of financial sector-focused ETFs that have outperformed the S&P 500 U.S. broad market index over the past year. Analysts have given  ETF FXO a Zacks Rank #2 ("Buy"). 

Freedom Holding's shares have grown by 90% over the year, significantly outperforming the S&P 500 Index (+13%). In May, Freedom Holding's market capitalization exceeded $10 billion for the first time. In June, the holding's shares were included in the Russell 3000 Index. It tracks the stock performance of 3,019 U.S. large-, mid- and small-capitalization companies, as well as some micro-capitalization stocks, and covers approximately 98% of the investable U.S. equity market.  

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