iShares Frontier and Select EM ETF (NYSEARCA:FM) Stock Pass Below 200-Day Moving Average – What’s Next?

iShares Frontier and Select EM ETF (NYSEARCA:FM)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $27.71 and traded as low as $27.57. iShares Frontier and Select EM ETF shares last traded at $27.60, with a volume of 27,351 shares.

iShares Frontier and Select EM ETF Price Performance

The business’s 50 day moving average price is $27.53 and its 200-day moving average price is $27.71. The firm has a market capitalization of $409.41 million, a price-to-earnings ratio of 9.35 and a beta of 0.64.

Institutional Trading of iShares Frontier and Select EM ETF

A hedge fund recently raised its stake in iShares Frontier and Select EM ETF stock. City of London Investment Management Co. Ltd. increased its stake in shares of iShares Frontier and Select EM ETF (NYSEARCA:FM) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,000 shares of the exchange traded fund’s stock after buying an additional 3,000 shares during the period. City of London Investment Management Co. Ltd. owned about 0.65% of iShares Frontier and Select EM ETF worth $2,779,000 as of its most recent filing with the Securities and Exchange Commission.

About iShares Frontier and Select EM ETF

The iShares MSCI Frontier 100 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the MSCI Frontier Markets 100 Index (the Underlying Index). The Fund will concentrate its investments (that is, hold 25% or more of its total assets) in a particular industry or group of industries, which may include large-, mid- or small-capitalization companies, to approximately the same extent that the Underlying Index is concentrated.