iShares Frontier and Select EM ETF (NYSEARCA:FM) Share Price Pass Below 200-Day Moving Average – Here’s Why

iShares Frontier and Select EM ETF (NYSEARCA:FM) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.72 and traded as low as $27.60. iShares Frontier and Select EM ETF shares last traded at $27.67, with a volume of 37,565 shares traded.

iShares Frontier and Select EM ETF Price Performance

The company has a market cap of $410.90 million, a PE ratio of 9.35 and a beta of 0.64. The company has a 50-day moving average price of $27.52 and a two-hundred day moving average price of $27.72.

Institutional Trading of iShares Frontier and Select EM ETF

An institutional investor recently raised its position in iShares Frontier and Select EM ETF stock. City of London Investment Management Co. Ltd. grew its holdings in shares of iShares Frontier and Select EM ETF (NYSEARCA:FM) by 3.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,000 shares of the exchange traded fund’s stock after acquiring 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 SEC filing.

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.