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 stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

iShares Frontier and Select EM ETF Trading Down 0.1 %

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iShares Frontier and Select EM ETF stock. City of London Investment Management Co. Ltd. lifted its position 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 Form 13F filing with the Securities & Exchange Commission. The firm owned 97,000 shares of the exchange traded fund’s stock after acquiring an additional 3,000 shares during the quarter. City of London Investment Management Co. Ltd. owned 0.65% of iShares Frontier and Select EM ETF worth $2,779,000 at the end of the most recent quarter.

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.