JPMorgan Chase & Co. Takes $39,000 Position in iShares Frontier and Select EM ETF (NYSEARCA:FM)

JPMorgan Chase & Co. bought a new stake in iShares Frontier and Select EM ETF (NYSEARCA:FM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,400 shares of the exchange traded fund’s stock, valued at approximately $39,000.

iShares Frontier and Select EM ETF Stock Performance

Shares of FM stock opened at $27.19 on Wednesday. The company has a market cap of $403.77 million, a price-to-earnings ratio of 9.35 and a beta of 0.64. iShares Frontier and Select EM ETF has a 12-month low of $25.72 and a 12-month high of $28.86. The stock has a 50 day simple moving average of $27.29 and a 200-day simple moving average of $27.49.

iShares Frontier and Select EM ETF Profile

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.