iShares Frontier and Select EM ETF (NYSEARCA:FM) Share Price Pass Below 200 Day Moving Average of $27.83

iShares Frontier and Select EM ETF (NYSEARCA:FM) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.83 and traded as low as $27.43. iShares Frontier and Select EM ETF shares last traded at $27.48, with a volume of 41,327 shares traded.

iShares Frontier and Select EM ETF Stock Performance

The firm’s 50-day moving average price is $27.63 and its two-hundred day moving average price is $27.83. The firm has a market capitalization of $408.08 million, a price-to-earnings ratio of 9.35 and a beta of 0.64.

Institutional Investors Weigh In On iShares Frontier and Select EM ETF

Hedge funds have recently modified their holdings of the business. City of London Investment Management Co. Ltd. boosted its stake in shares of iShares Frontier and Select EM ETF by 3.2% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 97,000 shares of the exchange traded fund’s stock worth $2,779,000 after acquiring an additional 3,000 shares during the period. Gould Asset Management LLC CA acquired a new position in iShares Frontier and Select EM ETF in the 1st quarter worth about $203,000. Heartwood Wealth Advisors LLC grew its position in shares of iShares Frontier and Select EM ETF by 4.1% in the 1st quarter. Heartwood Wealth Advisors LLC now owns 29,329 shares of the exchange traded fund’s stock valued at $840,000 after buying an additional 1,144 shares during the last quarter. Finally, Aspect Partners LLC bought a new stake in shares of iShares Frontier and Select EM ETF during the 4th quarter valued at about $227,000.

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.